Multiple rejection at a sliding parallel acting as support indicates that most likely price will rally in the upcoming sessions. Risk/ reward isn't a great one but since it's more than 1:1 we may go for it. Sl and tp as shown in the chart.
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.
