Dangerous trading now
As expected the breakout of 45.50 was strong long. Now we are in dangerous zone because just 1$ for 47$ and could be retracement, (47.89 is the trendline limit). Today a good chance to trading is zone 45.50 again for long position because river and ichimoku supports are at this price. Before of this price, there are others support: 45.70 (Moving Average 30), and 46$ (Moving Average 288), this could be more strong. Anyway breakout of 45.10 could be the short signal, but keep in mind 44.91 is support given by Moving Averega 144 and can bounce on this price, so more safe is wait breakout a 44.91 for target at 41.90 .
Related publications
Disclaimer
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.