AF.FR Daily Chart Our Expectations: Rising Medium Term Trend. Correction to major diagonal support and horizontal level. Opportunity for long positions with stop 8.25.
Alternative scenario: If the price drops below the main supports, the correction may be deeper, making it possible to test the 200 period around 8.40
Comment: Ascending medium-term trend. Correction to basic diagonal support and horizontal level. Formation of a trend-confirming flagship formation. The price is located at the bottom / of the support / of the flag - a positive signal and an opportunity for entry. 50/200 MA in a whip. 38.2% Fibonacci has successfully passed the correction test despite the negative performance of markets in the last month - a signal that buyers have not given up on this market.
SL: 8.25
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