Long
PELIKAN trend continuation
PELIKAN rebounded at fibo50.
Current CS crossed yearly pivot 0.505 at EMA20 and fibo618, all acting as strong support.
Proposed que is 0.505 retest, also the current 4h pivot.
Proposed TP is 52wh at 0.555.
Proposed CL is 0.475, one bid below current daily pivot.
Not an investment call. Just an idea based on trend and chart.
Current CS crossed yearly pivot 0.505 at EMA20 and fibo618, all acting as strong support.
Proposed que is 0.505 retest, also the current 4h pivot.
Proposed TP is 52wh at 0.555.
Proposed CL is 0.475, one bid below current daily pivot.
Not an investment call. Just an idea based on trend and chart.
Note
TP achieved
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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.