On the daily chart, the 14.16 level has been a level that's been retested multiple times. We could see price recently broke the level with increasing volumes indicating a strong bullish momentum. On the 4hr chart, we could see theres a doji candle in the retracement towards the area. A green candle after the doji would signal our entry as a candlestick pattern. Stops would be 1 atr below the lows aiming for a 1.4:1 risk reward ratio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.