The current 4H candle is very bullish and has broken the high of the last 4H bearish candle. A bullish harmonic had forned on the 1H chart and the last 2 hourly candles have closed bullish as well. A bullish harmonic has also been formed on the daily time frame and although no daily candles have closed bullish recently, this could potentially a retracment to the last 4H lower high which is the current resistance zone. The 0,382 fib from the daily bullish harmonic also falls on the bottom of this resistance zone.
Due to all the confluence and the current bullish price action, I have entered a long position at 134.36, with a stop loss below the 15M zone at 134.21, and a take profit at the last LH at 136.00.
Due to all the confluence and the current bullish price action, I have entered a long position at 134.36, with a stop loss below the 15M zone at 134.21, and a take profit at the last LH at 136.00.
Trade closed: stop reached:
The last 4H closed very bullish and im looking for another opportunity to possibly enter
Trade active:
Re-entered at 134.64
Trade closed: target reached:
Take profit at 136.00 reached