A price action above 16800 supports a bullish trend direction.
Further bullish confirmation for a break above 17600.
The target price is set at 18200, its 38.2%) Fibonacci retracement level.
The stop-loss is set at 16600.
Testing also its 200-day simple moving average.
The declining channel pattern's upper range is also being tested.
Remains a risky trade.
Further bullish confirmation for a break above 17600.
The target price is set at 18200, its 38.2%) Fibonacci retracement level.
The stop-loss is set at 16600.
Testing also its 200-day simple moving average.
The declining channel pattern's upper range is also being tested.
Remains a risky trade.