As we can see price is approaching the previous highs that supply was made .This level is now a resistance point . In current trades , traders can secure a profit target at that level .
Now If the price breaks that level which is 70.32, we can expect price to further on continue a bullish movement towards 71.13 after a break and retest depending on the momentum of the market .
Traders are therefore encouraged to look at these key levels if we expect a beginning of a bullish trend.
Further swings could be aimed at 71.55 - 71.98
Wish you the best of luck 💯
Now If the price breaks that level which is 70.32, we can expect price to further on continue a bullish movement towards 71.13 after a break and retest depending on the momentum of the market .
Traders are therefore encouraged to look at these key levels if we expect a beginning of a bullish trend.
Further swings could be aimed at 71.55 - 71.98
Wish you the best of luck 💯
Trade active
70.32 first price target achieved. 69.03 is a reasonable SL level for swingers
Trade closed: target reached
price hit break even ; market is bearish .
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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.