Based on the chart, a big falling movement have finished(maybe at least for a while) and now the chart shows a good supply zone to us which restricted the price go down more than this. The weakness on sellers and increasing the buy demands, leads me to be buyer at this area with a good risk reward ratio (1:2 for the first take profit area and 1:5 for the second). Note: As always please take risk management rules into consideration before opening any position on the market. Good Luck!
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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.