On the 3-MONTH timeframe, the price is clearly bullish, but it appears to be showing some signs of weakness that could lead to a potential retracement.
At the moment, a bearish doji seems to be forming, and the price will likely remain below the 200.000 level. However, confirmation will only be possible after the 3-MONTH candle closes at the end of September.
If the bearish doji is confirmed at the close of the 3-MONTH candle, I will monitor the closing prices of the latest candles on the 1-MONTH / 2-WEEK timeframes looking for a short opportunity, with a potential target around the 190.000 area.
At the moment, a bearish doji seems to be forming, and the price will likely remain below the 200.000 level. However, confirmation will only be possible after the 3-MONTH candle closes at the end of September.
If the bearish doji is confirmed at the close of the 3-MONTH candle, I will monitor the closing prices of the latest candles on the 1-MONTH / 2-WEEK timeframes looking for a short opportunity, with a potential target around the 190.000 area.
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Disclaimer
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.