Looking at the daily time frame as our higher time frame reference, we see a distinguishable uptrend. We can note the higher highs and higher lows on the uptrend.
Our entry time frame is the 1 hour time frame. Looking at the 1 hour time frame, we can see clear higher highs and higher lows. We see a potential double bottom that has formed. There is a key level that we are watching that has been broken. We are awaiting a retest of this key level and upon the retest we will enter in a buy trade. We are waiting to see that the price will go past the last higher high, form a new high, and make a new higher low at the key zone retest spot.
Our sentiment is bullish.
Our entry time frame is the 1 hour time frame. Looking at the 1 hour time frame, we can see clear higher highs and higher lows. We see a potential double bottom that has formed. There is a key level that we are watching that has been broken. We are awaiting a retest of this key level and upon the retest we will enter in a buy trade. We are waiting to see that the price will go past the last higher high, form a new high, and make a new higher low at the key zone retest spot.
Our sentiment is bullish.
Trade closed: target reached
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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.