I would like to a take a different approach to my technical analysis this time. The overall chart pattern found recently shows a falling wedge which is generally bullish.
In the 1 hour chart, you can see that that the 20 EMA has crossed above the 50 EMA at around the 46800 area. At the same time, the ATR Trailing Stop Loss is showing a "buy" signal. Candles are well inside my key zone and has passed the upper resistance line of the falling wedge. Many indicators are showing signs of a continued uptrend.
My next target to the upside would be the 51800 to 52400 region but it would need to break this zone before heading on towards the 56300 area.
I am open for suggestions, feedback and advice. Thanks!
In the 1 hour chart, you can see that that the 20 EMA has crossed above the 50 EMA at around the 46800 area. At the same time, the ATR Trailing Stop Loss is showing a "buy" signal. Candles are well inside my key zone and has passed the upper resistance line of the falling wedge. Many indicators are showing signs of a continued uptrend.
My next target to the upside would be the 51800 to 52400 region but it would need to break this zone before heading on towards the 56300 area.
I am open for suggestions, feedback and advice. Thanks!