The Macd is heading up towards the Red Line and the 0 level line. If it crosses above both then it indicates a bullish trend possibly starting. If macd Blue line falls back below the 0 level line void the trade, timing not right yet. Re-set up trade again. There is a resistance level @ 1.1824 that needs to be broken. Watch for a Break-Hook-Go so you don't get a head fake and price falls below the resistance level again. First entry is at the 0% fib @ 1.1828 and second entry is at the -27.2% fib. TP is at -61.8% fib @ 1.1888. If you trade lots then use mini's, if you trade mini's then trade micros. What ever amount you trade that is 2% of your trading account then divide it into 1/3 for 1st entry so that you can test out the move. Then 2nd entry will be the remaining 2/3's. At Target Price 1.1888 you can take off 1/2 off the position and let the rest run if price breaks the -61.8% fib and continues long.
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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.