In the 4-hour timeframe, it seems like the long-term corrective move that started last month on the same day is over, suggesting that we could expect more bullish moves in this pair.
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Price broke above the short-term bearish corrective channel impulsively last week. Since then, a new top has formed in lower timeframe, and price has retraced to the broken channel, providing an opportunity to open another long position.Trade aktif
A very nice bullish setup base on technical analysis and price just hit our first profit target zone, I hope you enjoyed it and I believe price moves towards the next target too. Will update this analysis again.Trading ditutup: target tercapai
Price reached the second target and even went higher.
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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.