Elliot wave completing its whole 1-5 pattern, we have a strong buy zone which is shown by an institutional candle formed before the big uptrend, we should see retracement to 50% fib zone.
Aroon: Arron is still showing downwards momentum in a daily chart and higher timeframes, but in a 4h it shows that market is losing bearish momentum in 1h and below it shows that we are already heading for an uptrend.
MACD : MACD is still showing downwards momentum in a daily chart and higher timeframes, but in a 4h it shows that market is losing bearish momentum in 1h and below it shows that we are already heading for an uptrend.
Bollinger band: we already hit that bottom band which shows potential rise in price and that we should start going uptrend
Market created resistance near the buy zone, and since market crashed so heavily we are waiting for it to break the resistance at 1.092 zone so we can safely enter if we break this resistance.
Entry: 1.094 (buy stop)
Invalidation: 1.077
Target:1.145
Ratio: 1:3
Aroon: Arron is still showing downwards momentum in a daily chart and higher timeframes, but in a 4h it shows that market is losing bearish momentum in 1h and below it shows that we are already heading for an uptrend.
MACD : MACD is still showing downwards momentum in a daily chart and higher timeframes, but in a 4h it shows that market is losing bearish momentum in 1h and below it shows that we are already heading for an uptrend.
Bollinger band: we already hit that bottom band which shows potential rise in price and that we should start going uptrend
Market created resistance near the buy zone, and since market crashed so heavily we are waiting for it to break the resistance at 1.092 zone so we can safely enter if we break this resistance.
Entry: 1.094 (buy stop)
Invalidation: 1.077
Target:1.145
Ratio: 1:3
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