-trend lines
-1year Fib levels
-RSI 14
-Support and Resistance
RSI14 divergence on H4 suggest that the uptrend is losing momentum as you can see in past examples highlighted on the chart....
Scenario 1: break below 1338 would confirm this analysis so: enter trade at 1337 with SL at 1343-44 and TP 1329-28 (1h-4h time frame)
Scenario 2: break above 1347 would invalidate this analysis so: enter trade at 1348 with SL at 1343-44 and TP at 1356-1358 (1h-4h time frame)
Scenario 3: break above 1347 in order to test 1356 o.00% Fib 1 year level so after closing trade of scenario 2, enter again short with SL above 1360 and TP around 1337-1340 support. (1D time frame)
No news to watch, only price action, good trading to all of you !!
-1year Fib levels
-RSI 14
-Support and Resistance
RSI14 divergence on H4 suggest that the uptrend is losing momentum as you can see in past examples highlighted on the chart....
Scenario 1: break below 1338 would confirm this analysis so: enter trade at 1337 with SL at 1343-44 and TP 1329-28 (1h-4h time frame)
Scenario 2: break above 1347 would invalidate this analysis so: enter trade at 1348 with SL at 1343-44 and TP at 1356-1358 (1h-4h time frame)
Scenario 3: break above 1347 in order to test 1356 o.00% Fib 1 year level so after closing trade of scenario 2, enter again short with SL above 1360 and TP around 1337-1340 support. (1D time frame)
No news to watch, only price action, good trading to all of you !!
Trade active:
entered 1337 will tp1 at 1331, tp2 at 1329
Trade closed manually:
close manually at 1332 as momentum decreased....happy trading to you all :)