ENTRY: 1.445 SL: 1.59 TP: 1.36 - ADX>25 - Daily RS -ve - Daily FFI -ve - Weekly RS -ve - Weekly FFI -ve - Moving averages are aligned. - Stoch RSI near 70. - Breakdown on 10 Jun 2022 and moved down to form a range. - Entry based on today breakdown from range and >3% rebound off 10EMA with volume .
ENTRY: 2.98 TP1: 3.10 (ATH) TP2: 3.32 SL: 2.70 - ADX>25 - RSI>70 - FFI and RS +ve - MACD +ve and 2 days green - MAs are aligned - Breakup resistance and up-trendline with good volume
Watchlist Strong downtrend Decent base forming Enter on break of $1.565
Our ascending channel is broken in the 4-hour time frame and is being polished to the channel. We are waiting for the polbak and then we will enter the transaction.And then it is likely to fall to the designated area, and then the high-powered area will move upwards. Like and Comment (EisaJay)
It is also possible to return from the same area because it has reached 50% and 68.1% of Fibo in the daily time frame, but is now resting and will drop to 68.1% in 4 hours, and most likely to Fibo. please Like and comment.
Reaching the area of resistance and returning from there in this area must suffer the price and continue its downward trend. please Like and comment
We have reached the weekly resistance zone, and as we have seen and returned in the past, this time we believe that the price will return and we do not expect the Fibo to reach 50%. (Please like and comment)
This is a bullish swing trade I may enter early next week, I will be entering this trade with my broker early Monday unless market looks extremely bearish. Here is a view of the hourly time frame.