Price has been stalled at a resistance level of 1.19867. It should retrace back to the 38.2% Fib and the 50 sma range for the first entry point. Watch the Macd blue line to cross below the red line. Then as the continuation momentum builds long the Macd blue line should cross above the red line again.As price breaks through the resistance line of 1.19867 watch for a Break-Hook-Go to confirm a true breakout not a head fake which would bring price back below the resistance line. SL are shown. TP is the -27.2 fib level @ 1.2045
Note
Pair didn't decide to retrace but second entry was entered on a 15m BHG @ 1.1987. Price hit TP @ 1.2045 and continued to climb to 1.2068.
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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.