Currently, there are two areas:
1. Around 0.71000
- The trendline should act as a support
- The round number 0.71000 should act as a support.
- RSI Divergence
Here we need one more criterion - bullish candlestick pattern on the 1h+ timeframe
2. Around 0.70800
- Previously worked support area
- Different Fibonacci levels
- Channel projection
- Cypher pattern, near the limits
- RSI Divergence
Reminder, a bullish candlestick pattern can form today if we look 1H or 4H timeframes, bullish candlestick pattern can form within two days if we look at Daily timeframe. So, be patient and do not rush!
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
1. Around 0.71000
- The trendline should act as a support
- The round number 0.71000 should act as a support.
- RSI Divergence
Here we need one more criterion - bullish candlestick pattern on the 1h+ timeframe
2. Around 0.70800
- Previously worked support area
- Different Fibonacci levels
- Channel projection
- Cypher pattern, near the limits
- RSI Divergence
Reminder, a bullish candlestick pattern can form today if we look 1H or 4H timeframes, bullish candlestick pattern can form within two days if we look at Daily timeframe. So, be patient and do not rush!
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Best regards!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
Comment:
We touched ALMOST all the criteria, only the Fibonacci golden ratio is untouched but we got a rejection and we got bullish candlestick pattern after that - Hammer!
Trade closed: stop reached:
AUD CPI news was not to our favor and rekt!