- 4H double bottom reversal pattern with divergence is valid = long opportunities
- We have H3C candle above 1.164 level what indicates further movement up
- every retracement below area 1.164 will be good for new long opportunities
Targets
1. 1.173 as previous level of support
2. 1.183 as previous level of resistance
There are 2 options for this movement:
1. We will go straight to 1.183 with only minor retracement
2. short term reversal on 1.173 with continuation higher after retest of previous support
- We have H3C candle above 1.164 level what indicates further movement up
- every retracement below area 1.164 will be good for new long opportunities
Targets
1. 1.173 as previous level of support
2. 1.183 as previous level of resistance
There are 2 options for this movement:
1. We will go straight to 1.183 with only minor retracement
2. short term reversal on 1.173 with continuation higher after retest of previous support
Trade closed: stop reached
I am out - Target 1 hitdowntrend still valid
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.