Observation Summary: Strong bullish trend continues and on 4H and 1D, new HL formed with strong bullish candles. Price is above 200 EMA and Bullish trend line has been respected. The last retracement of Fib at 38.2% level also concides with support zone between 154.50 - 155.50. With a decent SL at 149.40, a long entry could be done with target of 172.
Anticipation:
~ A hidden bearish divergence was noticed but that might have been absorbed by the FIB retracement.
~ Multiple bullish signals exit and price action is showing a strong bullish move on multiple time levels.
Trade Plan:
~ PLAN A: Long (@ Market)
~ EN: 156.8
~ SL: 149.40, TP1: 166, TP2: 172
Anticipation:
~ A hidden bearish divergence was noticed but that might have been absorbed by the FIB retracement.
~ Multiple bullish signals exit and price action is showing a strong bullish move on multiple time levels.
Trade Plan:
~ PLAN A: Long (@ Market)
~ EN: 156.8
~ SL: 149.40, TP1: 166, TP2: 172