Salaam
in H4 timeframe:
the price breaks the trend line and waiting for a pullback.
the trigger is when the price will go higher than the last high point.
Also, there is a divergence in MACD in the daily timeframe.
The target is 0.62 Fibo.
However, please note that the price is on the daily descending channel.
good luck
in H4 timeframe:
the price breaks the trend line and waiting for a pullback.
the trigger is when the price will go higher than the last high point.
Also, there is a divergence in MACD in the daily timeframe.
The target is 0.62 Fibo.
However, please note that the price is on the daily descending channel.
good luck
Note
SalaamIt seems that bearish force is too high, so look at 1.0988 support level. it could act as a mirror level. waiting to fake breakout and also break the trend line,
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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.