The price is very close to hitting the daily support around 6.56-6.66 zone. This support shall provide bounce to the price and make a long favorable from there. Lets watch how the price reacts when it hits that support zone.
Nota
This one has also hit the support zone as expected. The expectation is here a bounce. I think the bounce will have first difficulty at 6.9 level. Lets see how it reacts at that level if it reaches there.Nota
The price went below the support level DS1 and was trading below it all along before this upside moved which was erased quickly by another drop. Now the price is trading again below the support and held by another 4h support.Trade chiuso: obiettivo raggiunto
So this also finally reached its target and got rejected from the daily resistance. The price almost retracing again to daily support DS1 from daily resistance zone target around 6.56. A long from the support zone may again be a favorable trade.If you like the content and find value in the posted analysis, please give a like and if you want to get notified about any new idea posted, please follow this account. I also share ideas on twitter, so if you want to tune to that, please check my twitter account: twitter.com/angela_altair
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.