Signal is the bullish pinbar that formed on the daily chart at a support zone which is also in line with the 8 period ema that has been acting as dynamic support on the daily timeframe. Added confluences are double bottom on 4 hour chart, 61.8 retracement, and break and close of trendline.
There is a lot of economic data in the next few days so we will see what happens.
There is a lot of economic data in the next few days so we will see what happens.
Note
Here is a look at the daily.Trade closed: stop reached
It can still potentially go up but stop was hit.
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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.