If you followed me on Twitter, you already saw I wrote about 4H positive divergences, a possible bottom, and a very good risk/reward opportunity swing buy entry before FED. It started to work.
Daily Heikin-Ashi gave an early signal for a bullish reversal yesterday in form of inside candle and haDelta, haOscillator cross up. Looks like we have next confirmation signal. Move has been shy so far, if you missed me on Twitter, still not too late to join and buy! However as the structure not yet very strong, handle the trade as a swing buy. Do not open more than 1 volatility adjusted risk unit!
Equilibrium level is 1,3165. This can be easily retested, but I can also immagine it reaches 1,3350.
Good luck!
Comments
Kumowizard
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This position was just stopped out today. Small loss. Flat for now.
MindTrader
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Kumowizard
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if you attach your chart, with completely different approach than mine, at least please comment it and let others understand it in details.
MindTrader
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Everything is mention in the chart , I am long now.