After touching the $7.15 area three times, we can consider this area weak. If the price breaks and the candle closes below this range, we can expect the following targets:
6.88
6.68
6.45
And exit the trade in the range of 6.17 - 6.10.
Things to keep in mind:
This is only a technical analysis and there is no guarantee that targets will be achieved.
Always do your research and use a proper risk management strategy before trading.
The profit and loss of the transaction is for you.
6.88
6.68
6.45
And exit the trade in the range of 6.17 - 6.10.
Things to keep in mind:
This is only a technical analysis and there is no guarantee that targets will be achieved.
Always do your research and use a proper risk management strategy before trading.
The profit and loss of the transaction is for you.