Alright, looking at this chart, I can see price has been moving higher in a nice uptrend, and we recently had a pullback from those highs around 1.88600 down to near 1.87962. This looks like a healthy retracement in a bullish market, and the "Expect Here" label is marked up at 1.88695, which tells me someone is expecting price to push back up to that level.
I'm thinking this is a buy setup on the pullback. The trend is clearly up, and bounces in an uptrend usually get bought up again. I'd like to see some sign of support around the current levels, maybe a reversal candle or some buying pressure, before entering long. My target would be that "Expect Here" level around 1.88695 or maybe a bit higher if momentum picks up.
If price doesn't hold and breaks below the recent low, then my bullish idea is wrong and I'll stay out. No point fighting a broken trend.
Simple plan—buy the dip, target the highs. Let's see if the buyers show up.
I'm thinking this is a buy setup on the pullback. The trend is clearly up, and bounces in an uptrend usually get bought up again. I'd like to see some sign of support around the current levels, maybe a reversal candle or some buying pressure, before entering long. My target would be that "Expect Here" level around 1.88695 or maybe a bit higher if momentum picks up.
If price doesn't hold and breaks below the recent low, then my bullish idea is wrong and I'll stay out. No point fighting a broken trend.
Simple plan—buy the dip, target the highs. Let's see if the buyers show up.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.