ariefauliaa

Targeting Sub 15200 IDR with Potential for 15600 IDR - 15700 IDR

Long
FX_IDC:USDIDR   U.S. Dollar / Rupiah
Based on my analysis of the USIDR chart, I have observed a V bottom formation in the weekly timeframe, suggesting a potential bullish trend in the near future. Currently, the price is trading just above the neckline, indicating a possible short-term retest towards sub-15200 IDR levels.

However, with a target range between 15600 IDR - 15700 IDR, there could be potential gains for traders who decide to enter into a long position. As with any trading strategy, it's important to exercise caution and perform your own due diligence before making any decisions.

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.