- 4H double bottom reversal pattern with divergence is valid = long opportunities
- We have H3C candle above 1.164 level what indicates further movement up
- every retracement below area 1.164 will be good for new long opportunities
Targets
1. 1.173 as previous level of support
2. 1.183 as previous level of resistance
There are 2 options for this movement:
1. We will go straight to 1.183 with only minor retracement
2. short term reversal on 1.173 with continuation higher after retest of previous support
- We have H3C candle above 1.164 level what indicates further movement up
- every retracement below area 1.164 will be good for new long opportunities
Targets
1. 1.173 as previous level of support
2. 1.183 as previous level of resistance
There are 2 options for this movement:
1. We will go straight to 1.183 with only minor retracement
2. short term reversal on 1.173 with continuation higher after retest of previous support
Trade closed: stop reached:
I am out - Target 1 hit
downtrend still valid
downtrend still valid