The price reached the resistance zone, which had acted as the bottom of the horizontal price channel. If the market can move back in the borders of the price channel, it will give us a buy opportunity.
Entry Price should be above the local swing high. Stop orders must be placed below the local swing low. Profit targets should be at the upper level of the price channel and higher resistance levels like 300.00 and 365.00.
RSI confirms the price reversal. MACD supports a possible upward movement.
Entry Price should be above the local swing high. Stop orders must be placed below the local swing low. Profit targets should be at the upper level of the price channel and higher resistance levels like 300.00 and 365.00.
RSI confirms the price reversal. MACD supports a possible upward movement.
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