Price pattern shows a potential reverse Adam & Eve pattern formation.
Price is heading towards support around 570 level which is also at golden FIB zone.
If this support breaks, then the price will fall to 375-400 levels.
Broader view shows price is moving inside the ascending channel and it should touch the bottom of the channel in confluence with the support zone highlighted.
Better to accumulate around 400 levels for a positional target of 1230 (207.50% ROI with 16.6 R:R)
Mandatory stoploss @ 350 due to cyclical nature and inconsistent cashflow which is a matter of concern.
Do your own due diligence before taking any action.
Peace!!
Price is heading towards support around 570 level which is also at golden FIB zone.
If this support breaks, then the price will fall to 375-400 levels.
Broader view shows price is moving inside the ascending channel and it should touch the bottom of the channel in confluence with the support zone highlighted.
Better to accumulate around 400 levels for a positional target of 1230 (207.50% ROI with 16.6 R:R)
Mandatory stoploss @ 350 due to cyclical nature and inconsistent cashflow which is a matter of concern.
Do your own due diligence before taking any action.
Peace!!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.