ALPHAUSD – Potential 79% gainsBUY: 1.64 – 1.74
TARGETS:
1) 2.00
2) 2.47
3) 2.94
STOP: When a 4h candle closes below 1.28
Rationale:
-Price has reclaimed the 4h 100 EMA and 200 EMA and is holding above (bullish)
-Bullish divergence has formed (pink lines)
-Price has just broken and retested the upper trendline support (upper white line)
-Price will likely re-test the EMAs again before making a strong move up
-As long as price remains above the EMAs we are bullish.
Your risk, your reward. This is not financial advice.
Happy trading.
