Description
⋅ Hello everyone, let's take a look at the 4H LUNAUSD chart as you can see the price is moving above the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 = $ 2.88
T2 = $ 3.02
T3 = $ 3.13
T4 = $ 3.25
and
T5 = $ 3.41
Now let's move on to the stop loss in case of further market declines:
SL1 = $ 2.65
SL2 = $ 2.57
SL3 = $ 2.52
SL4 = $ 2.46
and
SL5 = $ 2.38
Looking at the CHOP indicator, we can see that in the 4H range the energy has been used, while the MACD indicator shows a local upward trend.