XBRUSD: Potential rebound

XBRUSD, H4

On the H4, XBRUSD bounced off the trendline and MA50 once again. The CCI has broken out of the oversold zone, and the upside imbalance is still not overlapped.

We consider buying #XBRUSD only on a rise above the nearest fractal and consolidation above 68.60 with targets to 71.00 and 72.00.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Author: Egor Schmidt

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