Bullish divergence on 1 hour MACD and RSI
Bullish crab
If we can break out of the descending rising wedge this is a great buy signal
TP1 (38.2% fib bullish crab target): 113.686
TP2: (61.8% fib bullish crab target): 114.38
My entry was 112.63-112.65
SL: 114.43, lower than a long term 0.5 fib
This is a high reward, low risk trade as far as I am concerned. Will be trailing my SL in as we move upward.
Bullish crab
If we can break out of the descending rising wedge this is a great buy signal
TP1 (38.2% fib bullish crab target): 113.686
TP2: (61.8% fib bullish crab target): 114.38
My entry was 112.63-112.65
SL: 114.43, lower than a long term 0.5 fib
This is a high reward, low risk trade as far as I am concerned. Will be trailing my SL in as we move upward.
Note
We have a falling wedge: updated chart, looks like we might be able to break out and test the long term bull flag
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.