Last Week Candle Close: Bullish Marubozu
Consolidation around HH.
Price action has made a HH which is confirmed on the daily chart *less probability of false high*
Weekly price action has broken last LH to form a HH
R/S signal: 1.5 break and retest of support.
Fib: from 4H last bull swing to form HH - 50.0 confluence of 1.5 respected by price
Waiting for further long confirmation with break above 1.5050
Long targets are 1.51 and 1.55
SL 1.4920 *53 pip risk*
ENTRY: 1.49737
Consolidation around HH.
Price action has made a HH which is confirmed on the daily chart *less probability of false high*
Weekly price action has broken last LH to form a HH
R/S signal: 1.5 break and retest of support.
Fib: from 4H last bull swing to form HH - 50.0 confluence of 1.5 respected by price
Waiting for further long confirmation with break above 1.5050
Long targets are 1.51 and 1.55
SL 1.4920 *53 pip risk*
ENTRY: 1.49737
Trade active:
ENTRY TL SUPPORT