Hello traders as we can see on daily timeframe that price has come to strong support area of 2016. Additionally I have marked pivot points support and resistance with TMA(Triangular moving average) on chart. Here we see that around 2016 support line we have pivot and TMA level too which give us more confirmation that price is near to the point where it will start pull back after long down trend. I expect the price to go near 87800 from where it will start forming up bullish momentum. Monitor price on 1HR chart with RSI indicator once price is tested on support line and RSI gives us some confirmation we can take nice risk to reward BUY trade.
Traders if you liked this idea give it like, share,comment and follow for more upcoming ideas.
Traders if you liked this idea give it like, share,comment and follow for more upcoming ideas.