On the daily chart, we can clearly see price break to the upside of the downtrend channel. This could possibly mean the end of the downtrend and a start of a new long position or a perfect opportunity to short if price continues to the downside.
We would look for price to hold the most recent key support level. Zoom into the 4H/1H chart, look for bullish candle stick patterns for entry level. Risk management 2:1 ratio.
https://www.tradingview.com/x/sfs0x7lx/
We would look for price to hold the most recent key support level. Zoom into the 4H/1H chart, look for bullish candle stick patterns for entry level. Risk management 2:1 ratio.
https://www.tradingview.com/x/sfs0x7lx/
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