1-hour timeframe. The current situation for the WLD asset is characterized by a continuation of the uptrend. The price has broken out of a contracting pattern and has consolidated above the broken trend line. Pullbacks are shallow, and trading volume is increasing. This indicates buyer interest and the likelihood of further price growth.
Particular attention should be paid to the price holding near the 0.6136 level and gradually rising toward the 0.6315 zone. I plan to consider opening a long position if there is activity upon a breakout of the 0.6315 zone, with a target of reaching the 0.6892 level.
Author: Broker TRADE
Open Chart | Trade | #LevelBreakout
WLD
I noticed a symmetrical triangle on the 1-hour chart; I think the pattern will play out in favor of the sellers. I’ll wait for confirmation and only go short after the pattern is broken.
I open trades on the WEEX exchange: https://www.weex.com/en/register?vipCode=2igr
