It is a short term rising support and to confirm it we need to overcome the horizontal resistance, but the fact that we touched the support three times and the closed above it may serve as a signt that the rate is willing to try a rise again to continue the trend.
And , by the way, the 38 % Fibonacci level of the uptrend has been retraced.
And , by the way, the 38 % Fibonacci level of the uptrend has been retraced.
Trade closed: target reached:
It is not really thetarget that has been reached, but as the rate has some difficulties to overcome the hourly peak formed tonight, I prefer to close the possition taking the profit now and will watch for a while.
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