Jasmy, after the ittle divergence, is respecting the TL2. Waiting for convalidation of price action pattern and then i will open a long positon (always be careful to the volume).
A close stop loss will be setted under the TL2 (trend line faster then TL1 45° and it means that there could be at least a last pump in my opinion).
Wait the closing of the candle.
At the moment the TL2 still works.
TL1 is the primary trendline.
Target price:
0,0295-0,03
A close stop loss will be setted under the TL2 (trend line faster then TL1 45° and it means that there could be at least a last pump in my opinion).
Wait the closing of the candle.
At the moment the TL2 still works.
TL1 is the primary trendline.
Target price:
0,0295-0,03
Trade closed: target reached:
Trade closed in profit. The divergence was too strong but the trend respected (for 50%) what i said. Rebound on TL2 0,02529(1 profit), retest for second long position and then 0,027. Yeah, it isn't 0,029 or 0,03 but we have to respect the market, always.
So, i changed the target price and closed the position at 0,0268.
So, i changed the target price and closed the position at 0,0268.
Comment:
Cup and Handle pattern? We have actually tested a support at 0,02429 (first entry and rebound gain). Let's wait for the confirmation and we don't have to violate this level. Anyway, the volume is suspicious.
Be careful to the volume.
Be careful to the volume.
Order cancelled:
Volume was suspicious and there is a divergence in the 1D timeframe
I think a good entry could be 0,0220-0,023 (first entry low liquidity, then just observe.
If TL1 will not resist i will play with Fibonacci retricment, price action and indicator.
THat's my idea.