this trade is based on the top down analysis
reasons-
1. price is in uptrend on both daily and weekly timeframes
2. price broke bigger timeframe trend line and started making another trend to upside
3. price started making higher highs and lower lows on the 1 hr timeframe
3. price respecting the golden fibonacci on both bigger and smaller timeframes
thank you
sahil
reasons-
1. price is in uptrend on both daily and weekly timeframes
2. price broke bigger timeframe trend line and started making another trend to upside
3. price started making higher highs and lower lows on the 1 hr timeframe
3. price respecting the golden fibonacci on both bigger and smaller timeframes
thank you
sahil