long-term ; I expect it to move upward
On the long-term I expect it to go test the 91.500-92.00 area before seeing a continuation of the move downward.
A break upside 91. would be a good sign that price is not ready to keep dropping down and our next target would be 91.500-92.000 indeed.
Why do I think it's gonna go test more upward instead of it dropping down or consolidating ?. Because not only we closed last week on a bullish engulfing candle but we did it after 2-3 weeks of it stopping going down ( stop in action ) and aggressive wicking rejection to the upside of the 90.2 zone
So I expect it a lot that it will go back to 90.9, but also to go even higher to 91.500-92.000 and see how it reacts at these levels
A break upside 91. would be a good sign that price is not ready to keep dropping down and our next target would be 91.500-92.000 indeed.
Why do I think it's gonna go test more upward instead of it dropping down or consolidating ?. Because not only we closed last week on a bullish engulfing candle but we did it after 2-3 weeks of it stopping going down ( stop in action ) and aggressive wicking rejection to the upside of the 90.2 zone
So I expect it a lot that it will go back to 90.9, but also to go even higher to 91.500-92.000 and see how it reacts at these levels
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.