$WLD The price is moving within a descending channel on the hourly timeframe. It has reached the upper limit and is heading towards breaking it. A retest of these boundaries is expected.
The Relative Strength Index (RSI) shows an upward trend, as it approaches the upper limit. A downward reversal is expected.
There is a key support area in green at 0.5383. The price has bounced from this area several times and is expected to bounce back again.
A consolidation trend above the 100-period moving average has been observed, which we are approaching. This trend supports a decline towards this level.
Entry price: 0.5564
Target 1: 0.5758
Target 2: 0.5992
Target 3: 0.6260
Stop loss: Above the green support area.
Remember this simple thing: Money management.
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WLD
0.2829
+3.74%