No time to describe my point of view. I will make description later. But yeach, it's good trade. Im going to the gym.
Ok, so... Ahh... it's going to be fast comment. I'm tired tonight but I feel good enough to make some analysis. I'll probably go do some backtesting soon. Pros: -1h, the trend line goes up -1h, head and shoulders pattern -1D, good bounce from resistance Cons: -1W, is in downtrend -4h, is in downtrend -1h didn't break the suppor line yet All, I can do right...
So I will open long position and I will aim for 0.786 fib. level (80.278) From that position tade is good, I see rsi hidden bullish divergence and it's good confirmation to take, a shot on that long trade.
Double top formed, shaved candle on the breakout. Good time to get in the short position
I'm waiting for breakout and candlestick confirmation. I will definitly open short position and catch some pips from that point. If situation be decent in my eyes, I will decrease my stop loss to minimum (a little bit above confirmation/breakout candle).