5RR possible scenario to be developed next coming days
Indicators used :
1. Fib Extension
2. Renko chart
3. Cumulative Delta
4. OBV
5. RSI
Signals to buy:
1. Green brick to be formed between 1,272 and 1,618 Fib extension levels
2. Rising OBV line
Entry:
1. Divergence on Cumulative delta, or
2. Divergence on RSI / oversold level
Note: For a better RR, entry should be closer to 1,618 Fib level.
SL:
1. Price must develop more candles, so SL should be under the lowest candlestick, or
2. The fib level 1,786 can be used as SL also.
Take profit:
1. First TP should be at the first resistance level, or around 0,9850
2. Final TP can be at last high point and resistance level, around 1,0150
Don't Stumble Trading. Trade Safe!
1. Fib Extension
2. Renko chart
3. Cumulative Delta
4. OBV
5. RSI
Signals to buy:
1. Green brick to be formed between 1,272 and 1,618 Fib extension levels
2. Rising OBV line
Entry:
1. Divergence on Cumulative delta, or
2. Divergence on RSI / oversold level
Note: For a better RR, entry should be closer to 1,618 Fib level.
SL:
1. Price must develop more candles, so SL should be under the lowest candlestick, or
2. The fib level 1,786 can be used as SL also.
Take profit:
1. First TP should be at the first resistance level, or around 0,9850
2. Final TP can be at last high point and resistance level, around 1,0150
Don't Stumble Trading. Trade Safe!
Trade active:
On 1H time frame, RSI is getting out from oversold area, and Cumulative delta is creating a divergences, shown that the seller has lost power, and can not push the price down.
Comment:
T1 reached. Trade moved on BE