Looking at this daily chart , price is moving in a sideways consolidation zone. Price isn't able to break the trend to form either new highs or lows. Price is currently at the support level of this ranging market. Looking at the red highlighted circle, we saw price form a bullish hammer candle followed by a shooting star before reversing and making a move to the upside. We currently have the same formation showing, suggesting a possible repeated move to the upside again.
The market is always interesting, unexpected and risky. No one knows for sure what will happen. Technical analysis only aims to find the advantage in translation. Warning: Do not risk more than 1% of your account in any trading orders.
Idea is not the financial advice!
The market is always interesting, unexpected and risky. No one knows for sure what will happen. Technical analysis only aims to find the advantage in translation. Warning: Do not risk more than 1% of your account in any trading orders.
Idea is not the financial advice!