Beautiful setup with high probability for long swing trade.
Falling wedge, followed by breakout and retest.
Oversold on all time frames.
This is excellent setup for a long swing.
Target is 4.8, which is previous long support (now most likely resistance)
4.8 is also exactly at fib .38
I entered yesterday
Due to high volatility, I don't recommend to trade it, swing is the way to go.
I am in with 15% of my portfolio.
Falling wedge, followed by breakout and retest.
Oversold on all time frames.
This is excellent setup for a long swing.
Target is 4.8, which is previous long support (now most likely resistance)
4.8 is also exactly at fib .38
I entered yesterday
Due to high volatility, I don't recommend to trade it, swing is the way to go.
I am in with 15% of my portfolio.
Comment:
also bullish divergence on 4h