On 1D time frame, no Divergence is observed. Therefore, bullish trend should resume from Bullish flag formation breakout. One can estimate the length of breakout by using Pole as reference.
This going to take couple of months. So patience is the key.
My trading values are depicting on Price chart.
This going to take couple of months. So patience is the key.
My trading values are depicting on Price chart.
Note
Since the trend has now gone sideways and has already made a prominent Lower High at 84.40 ; therefore, I'll prefer entering the trade at this lower value of 84.40 instead of 87.60. Alternatively, I can also draw Fib retracement up to 0.38 value and enter LONG trade from there on.
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.