Considering that this commodity has a strong resistance zone (2400 - 2420) and it has failed to break it, it means that the bears are dominant.
I am anticipating that the price will continue to form the falling flag pattern so that the bulls may finally gain momentum and break the resistance.
Target Profit - 2280, Stop Loss - 2390, Trade Entry - 2375
Risk-Reward Ratio - 1 : 6
I am anticipating that the price will continue to form the falling flag pattern so that the bulls may finally gain momentum and break the resistance.
Target Profit - 2280, Stop Loss - 2390, Trade Entry - 2375
Risk-Reward Ratio - 1 : 6
Trade closed: stop reached
Stop loss reached.
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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.