Bullish Trade, Rsi div and similar pattern(EURO)
Hey guys!
Btc found support on a significant weekly/daily support, along with the 128 dailyMA. The 4h timeframe has a nice bullish rsi div, and it really looks like the chart pattern before(marked with red arrow).
The SAR is coming down, and if we do pull back here as before that will let it come way down to 8800ish, which will be my entry on the break of it. Also a the Fractal (green) resistance is most likely to form with the close of the next 4h candle around the 8800 area, so it would be nice to get a close above that, along with the break of the SAR.
That said, i am looking for a break down after the target is met to much lower levels, as we are in a big descending triangle on the daily. BUT we will have to see what the price shows if we get there, it's just what i think.
Entry:8800 if the conditions are fulfilled.
Target:9600
Stop:8322
Btc found support on a significant weekly/daily support, along with the 128 dailyMA. The 4h timeframe has a nice bullish rsi div, and it really looks like the chart pattern before(marked with red arrow).
The SAR is coming down, and if we do pull back here as before that will let it come way down to 8800ish, which will be my entry on the break of it. Also a the Fractal (green) resistance is most likely to form with the close of the next 4h candle around the 8800 area, so it would be nice to get a close above that, along with the break of the SAR.
That said, i am looking for a break down after the target is met to much lower levels, as we are in a big descending triangle on the daily. BUT we will have to see what the price shows if we get there, it's just what i think.
Entry:8800 if the conditions are fulfilled.
Target:9600
Stop:8322
Trade closed: target reached:
Entry 8887
Closed9703
Closed9703