reasons for trade:
horizontal resistance is a weekly 38.2 fib retracement
and the trendline is from a monthly channel
if it breaks these 2 levels there is still a third touch of the trendline above wher PA could reverse from
SL just above previous high
TP just above horizonal support
horizontal resistance is a weekly 38.2 fib retracement
and the trendline is from a monthly channel
if it breaks these 2 levels there is still a third touch of the trendline above wher PA could reverse from
SL just above previous high
TP just above horizonal support
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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.
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.