Monitor for a false break on the 1hr and 4hr time-frame. I will update chart once the false break happens.
Currently, 1hr time-frame is bullish as well as the 4hr, but there is a bearish divergence forming on 4hr.
So how do we take this trade?
We need a break above 1.185 and a 4hr candle closing right after below 1.185. Enter as soon as this happens.
If you get in the trade, expect a reaction at 1.18 but ignore it. It is not an important support. It may look like you will get closed out, but target 1.172
I will update stop loss once the false break happens on Monday, but entry will definitely be at 1.185
If you like the idea, give this chart a thumbs up. If not, let me know what you think so I can learn from you as well.
Thank you and good luck
Currently, 1hr time-frame is bullish as well as the 4hr, but there is a bearish divergence forming on 4hr.
So how do we take this trade?
We need a break above 1.185 and a 4hr candle closing right after below 1.185. Enter as soon as this happens.
If you get in the trade, expect a reaction at 1.18 but ignore it. It is not an important support. It may look like you will get closed out, but target 1.172
I will update stop loss once the false break happens on Monday, but entry will definitely be at 1.185
If you like the idea, give this chart a thumbs up. If not, let me know what you think so I can learn from you as well.
Thank you and good luck
Trade active
Trade closed: stop reached
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.
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.