Back on a strong established level of supprt, there's also confluence with the pitchfork support level which price has stopped on.
As you can see, price has continued to respect these lines consistently.
The RSI is also reflecting a strong Bulllish Hidden Divergence, which is turning up, wait on the close of the current 4H candle and look for an entry.
Target is the 1.272 Fib for a swing trade.
Short trade target is 1.09500, which finishes on the left shoulder of the previous swing high.
a stop entry can be placed @ 1.08200 - this entry is on the breakout of the previous inside bar, which will allow you to have a SL just below 1.07800
the SL for the over under pattern goes below 1.07230, for swing traders.
Good luck,
As you can see, price has continued to respect these lines consistently.
The RSI is also reflecting a strong Bulllish Hidden Divergence, which is turning up, wait on the close of the current 4H candle and look for an entry.
Target is the 1.272 Fib for a swing trade.
Short trade target is 1.09500, which finishes on the left shoulder of the previous swing high.
a stop entry can be placed @ 1.08200 - this entry is on the breakout of the previous inside bar, which will allow you to have a SL just below 1.07800
the SL for the over under pattern goes below 1.07230, for swing traders.
Good luck,
Commento:
Breakout of triangle + currently retesting. a HH is in, move up form here will confirm a HL.
