D: Downtrend, respecting the highs
4H: Uptrend, broke above trendline for the BUY, retracing 50% so far
1H: Downtrend, Price retraced 50% and hit -61.8% @ 1HR support level + RSI is bullish divergence
CURRENTLY: I am looking for price to drop a bit more to retest the 4HR downtrend trendline (green) and go long to previous 1HR resistance area
4H: Uptrend, broke above trendline for the BUY, retracing 50% so far
1H: Downtrend, Price retraced 50% and hit -61.8% @ 1HR support level + RSI is bullish divergence
CURRENTLY: I am looking for price to drop a bit more to retest the 4HR downtrend trendline (green) and go long to previous 1HR resistance area
Trade active:
If you draw the 4H trend line out, you'll see that this was a very good entry at a new low, near previous support. Price climbed up and finding a bit of resistance at the bottom of that support/resistance zone.
I'm going to hold a bit more for TP2 to hit the previous resistance.
I took TP1 at first 1H zone.
I'm going to hold a bit more for TP2 to hit the previous resistance.
I took TP1 at first 1H zone.
Trade closed manually:
Close trade and took TP @ 0.9800 hitting resistance .