Technically price has strong momentum on the approach to resistance above. If broken, we will see the price continue to test previous structure highs before retracing for more upside strengths.
Still planning this trade on a daily chart for now but on the 4h chart, more divergence can be seen for a break above this level so I am confident. Bulls are on alert for confirmation although the front run has already begun. Trade the plan:
- Wait for a break above resistance
- If broken, hold for a pullback and retest
- Enter on support with a tight stop loss
- Trade on the 4hr/1hr chart
PLEASE SEE MY RELATED IDEA FOR PREVIOUS ANALYSIS
Still planning this trade on a daily chart for now but on the 4h chart, more divergence can be seen for a break above this level so I am confident. Bulls are on alert for confirmation although the front run has already begun. Trade the plan:
- Wait for a break above resistance
- If broken, hold for a pullback and retest
- Enter on support with a tight stop loss
- Trade on the 4hr/1hr chart
PLEASE SEE MY RELATED IDEA FOR PREVIOUS ANALYSIS
Trade attivo
Buy stop order triggered at 1.1856Nota
Price is now falling to a support level where an additional entry position can be placed for carry traders and position traders. Swing traders not in this trade for the bulls can enter soon if price action confirms.Nota
Additional entries can be found at support below.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.