Price action continues to be trading with a rising channel spotted in D1. Then, in H4, an expected pullback to the trendline in confluence with Fibonacci level 61.8 for a long entry will be placed. The diminished bullish momentum in MACD could support this pullback.
A buy-limit entry for a bounce strategy from the trendline+Fib level, give enough room for the following setup:
S/L: 47 pips - R:R | 1:4 - T/P aiming to the next resistance level.
A buy-limit entry for a bounce strategy from the trendline+Fib level, give enough room for the following setup:
S/L: 47 pips - R:R | 1:4 - T/P aiming to the next resistance level.
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
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instagram.com/og.fxtrader
FREE TELEGRAM:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.