- Analytics
- Trading Ideas
Trading Idea - Orange Juice, 22-11-2023
Trading Signal: #C-ORANGE
Order | Sell |
Direction | Range Bound |
Pattern | Trading in flag pattern |
Interval | Daily |
Length (Candles) | 5 |
Idea Summary
The medium term ORANGE price forecast is bearish. The ORANGE price is retracing down after testing the resistance of flag chart pattern. Most likely the price will continue falling to test the support of the flag pattern while there is a likelihood it may continue reverse and start rising to test the resistance again.
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.