Following a 2 legged correction from our previously achieved target, we're looking for trend continuation and a measured move higher.
A few things suggest a move higher:
1. Positive divergence on RSI
2. An oversold (5,3,3) Stochastic that is lower than the previous pullback
3. Two legged correction to the 0.5 - 0.618 Fib retracement zone (have not closed below the 0.5 yet)
Couple things to be cognizant of:
1. Double rejection at long term falling trend line (although candles did close above)
2. EMA 20 and EMA 50 have converged, starting to cross
Trading plan:
1. Buy the breakout followed by a second bullish confirmation candle at the various risk levels (Aggressive, Moderate, Conservative)
2. Trail stop loss below major lows
3. Measured move target between 2.065 and 2.10
A few things suggest a move higher:
1. Positive divergence on RSI
2. An oversold (5,3,3) Stochastic that is lower than the previous pullback
3. Two legged correction to the 0.5 - 0.618 Fib retracement zone (have not closed below the 0.5 yet)
Couple things to be cognizant of:
1. Double rejection at long term falling trend line (although candles did close above)
2. EMA 20 and EMA 50 have converged, starting to cross
Trading plan:
1. Buy the breakout followed by a second bullish confirmation candle at the various risk levels (Aggressive, Moderate, Conservative)
2. Trail stop loss below major lows
3. Measured move target between 2.065 and 2.10
Trading ditutup: target tercapai
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.