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
トレード終了: 利益確定目標に到達
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。