Based on the H4 chart nalysis, we can see the price falling to our buy entry level at 62.18, a pullback support that is slightly above the 38.2% Fibonacci retracement.
Our stop loss is set at 59.68, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 64.28, a pullback resistance.
High Risk Investment Warning
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Our stop loss is set at 59.68, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 64.28, a pullback resistance.
High Risk Investment Warning
65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trade closed: target reached
Hey traders, the price reacted nicely off our support level and reached our target as expected. Great execution on this setup! 📈 Let’s continue watching the price action for the next opportunity.
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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.