Taking a look at the Weekly timeframe chart, it can be inferred that the price has nicely bounced off 0.52 major zone of support. Could it be a turning point? Will the price skyrocket from here? Only time will tell. Zooming into H4 timeframe chart, we can clearly observe that the price has formed a nice Inverse Head&Shoulders pattern on a zone of previous resistance later turned support. Our short-term target is set at 0.91 zone of fresh resistance. We expect for the price to go even beyond that price, as higher timeframes are super bullish. However, no greed allowed in the markets. Therefore, we are gonna be setting short-term targets and securing profits along the way.
Have a great trading week, family!
Have a great trading week, family!
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As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.