Price is near a level where :
There is previous resistance which should turn support.
The 0.618 retracement is present.
It is potentially forming an inverse head and shoulders pattern :
RSI divergence present
All these reasons also occur on a potential trendline.
pending order has been set at this level to take advantage of continuations to the upside
There is previous resistance which should turn support.
The 0.618 retracement is present.
It is potentially forming an inverse head and shoulders pattern :
All these reasons also occur on a potential trendline.
pending order has been set at this level to take advantage of continuations to the upside
Trade active
Trade closed: stop reached