Red line looks to me like a pivot point, if we break above there is a good opportunity for a long trade.
2:1 risk/reward but could look to add to position and extend profit target depending on the upcoming price movements.
Not trading advice, just sharing an idea.
Thanks for reading and comments!
2:1 risk/reward but could look to add to position and extend profit target depending on the upcoming price movements.
Not trading advice, just sharing an idea.
Thanks for reading and comments!
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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.