Price action is moving in a channel. Idea is to buy at the dynamic support level of the channel for the upside move towards resistance. Current level also coincides with 0.618 Fib level so we can expect an upside move with the protection below.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.