As you see, R2 and R1 used to be support areas at the top of the chart and S1 and S2 are our support areas in which the support of price at several points is clear. Currently, we have the fluctuation of price over S1 after its decline to this area and we expect it to reach S1 via its falling trend. Here we would have two scenarios. One of them is providing some rising signs by the price and certainly an increase is waiting for it up to R1 or higher. The other event is related to the rejection of price at S1 which causes more fall to lower amounts. If you are looking for more logical and less risky trades, we suggest you our updates and precise analyses in this regard.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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