It is very clear that the price touch the support level of a strong channel.
Will it bounce upward? Maybe!
Will it break the channel and go down? Why not? The price has touched the support level for 3-4 times
We need to wait for confirmation. Just wait
Will it bounce upward? Maybe!
Will it break the channel and go down? Why not? The price has touched the support level for 3-4 times
We need to wait for confirmation. Just wait
Trade active
R:R should be 1:2
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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.