It wasn't hard to guess this pattern was forming here(And also double bottom).
We had a touch on 9148 in 1h chart(It was 618 of fib).
Cmf confirmed the up trend but we have 9200 in our way which is a strong resistance here.
Cross under of ma 120 and 200 was in 9400 area and also ma 200 moving there right now.
So this is the time to test it again ...
I recommend you to enter long above 9200, and enter short below 9k.
Long possible targets would be 9300, 9350, 9400
Long possible targets would be 8800, 8700, 8650
Personally im in long side now.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
We had a touch on 9148 in 1h chart(It was 618 of fib).
Cmf confirmed the up trend but we have 9200 in our way which is a strong resistance here.
Cross under of ma 120 and 200 was in 9400 area and also ma 200 moving there right now.
So this is the time to test it again ...
I recommend you to enter long above 9200, and enter short below 9k.
Long possible targets would be 9300, 9350, 9400
Long possible targets would be 8800, 8700, 8650
Personally im in long side now.
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Note
Sorry guys i made a mistake here ...Short possible targets would be 8800, 8700, 8650
Sorry again...
Note
Alright guysWe are close to start the trend
If we lose this support(9050) we will see another down trend to 8700 area
Breaking 9150 means up trend
We are in range now(9050~9150)
Note
If we lose 9050 means pattern rejected.1h trying to form a divergence
Cross over in ichimoko cloud(Price is upper than cloud)
Lets see ...
Trade closed manually
I didn't enter any sideSituation changed and this one is not trusty anymore
Short in 1h is really possible(rsi divergence)
Good luck
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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.