On hourly chart:
Stochastic is approaching oversold area. If rebounds back from this area and if candlesticks show that EMA50 would work as support again, a good opportunity for a short-term long positioning.
Buy around 1336 - SL 1332 & TP 1348. Risk-reward ratio 1:3.
Stochastic is approaching oversold area. If rebounds back from this area and if candlesticks show that EMA50 would work as support again, a good opportunity for a short-term long positioning.
Buy around 1336 - SL 1332 & TP 1348. Risk-reward ratio 1:3.
Note
Seems stochastic confirmed, idea shall work in case of no technical surprise.
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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.