We have here some long oportunity.
The price is moving up since September 2017 and is still respecting trend line.
I missed good entry on 1.708 where the price rejected support and trend line, there was also 0.5 fibonacci retracement.
Now we can join to this trend from 1.753 area, but only if D1 candle will close above this level.
That will expose 1.78 and then price should reach this year top on 1.84 and that is my target.
1.753 i also fibonacci retracement level and it's making stronger this resistance.
R/r = 1:1.98
Entry: 1.753
SL: 1.706
TP: 1.846
The price is moving up since September 2017 and is still respecting trend line.
I missed good entry on 1.708 where the price rejected support and trend line, there was also 0.5 fibonacci retracement.
Now we can join to this trend from 1.753 area, but only if D1 candle will close above this level.
That will expose 1.78 and then price should reach this year top on 1.84 and that is my target.
1.753 i also fibonacci retracement level and it's making stronger this resistance.
R/r = 1:1.98
Entry: 1.753
SL: 1.706
TP: 1.846
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.