ARB Pricing: Long-Term Buying Opportunity at 80-90 cents.
Scenario 1:-
The ARB price has broken support and is at re-testing levels(1.1145 -1.1372) , indicating a potential long-term buying opportunity between 80-90 cents.
Scenario 2:-
However, traders should remain cautious as there is a possibility of fake breakdown. The setup would be invalidated if the price gives 2 daily candle closings above 1.1145 -1.1372.
With that being said , one can look for long opportunities till 1.2600 - 1.3000
Probability of fake breakdown :- 70%
#plan your trade trade your plan
The ARB price has broken support and is at re-testing levels(1.1145 -1.1372) , indicating a potential long-term buying opportunity between 80-90 cents.
Scenario 2:-
However, traders should remain cautious as there is a possibility of fake breakdown. The setup would be invalidated if the price gives 2 daily candle closings above 1.1145 -1.1372.
With that being said , one can look for long opportunities till 1.2600 - 1.3000
Probability of fake breakdown :- 70%
#plan your trade trade your plan