There are strong resistance lines in higher timeframes that create a good risk-reward for a long position with the potential for price growth in the 4-hour timeframe
Given the Morning star candlestick pattern as well as the very strong resistance and the 0.236 fib, there is probably room for upside, just wait and enter the market at the right time...
Keep an eye on this point. If you encounter and create a candle stick, enter the buy position, but if the trend line is interrupted, enter the sell position.
If there is a negative confirmation candle stick, be sure to sell the position
I did my analysis in the daily chart. If you open a sell position, be sure to pay attention to the daily analysis
The first wave of correction seems to be over and the second wave has begun. The second wave is always a safer time to open Sell position.
There is a strong resistance line against the positive trend of the past few days, which requires a few days of breathing to break
If this resistance 0.91063 is broken, good growth can be predicted. We have to wait and see where the market will go next week.
We have to wait for the price to jump!
Proposed trade from 16/12/2018 until the end of next week
Proposed trade from 16/12/2018 until the end of next week