XBRUSD, Daily
In the Daily timeframe, XBRUSD aims for the 83.00 support level aligned with the trendline. RSI oscillator shows a hidden bullish divergence that signals a bullish momentum for the asset.
- Trade: Buy XBRUSD on a breakout of the 84.70 resistance;
- TP: 87.90.
Conclusion
In conclusion, trading CFDs carries inherent risks. Success in this field demands effective risk management. To minimize costly errors and capitalize on trading opportunities, it's crucial to conduct thorough due diligence and manage risks diligently.
