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ariefauliaa
Mar 5, 2023 10:09 AM

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

U.S. DOLLAR / INDONESIAN RUPIAHICE

Description

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.
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