Based on the analysis in the 1-hour timeframe, with the breakout of the resistance level around 38,900, it is possible to initiate a buy position with a target of 39,170.
Stop Loss: 38,640
On the other hand, if the price breaks below the range of 38,640, a decline towards the range of 38,300 can be expected.
Stop Loss: 38,900
Stop Loss: 38,640
On the other hand, if the price breaks below the range of 38,640, a decline towards the range of 38,300 can be expected.
Stop Loss: 38,900
Trade closed: target reached