Details are in the chart. Advanced traders will understand what I am trying to show. For the junior traders, what you can see is the following: Hammer on support; Bullish divergence; Hammer has so far a follow through; Remember the uptrend is still intact, because the low of this year still is untaken. In the DXY chart we can also see it is facing some...
Details in chart
Thanks to jangseohee we saw this nice setup enfolding. Below is the mastermind his chart. SL and TP in chart.
Resistance, by pivot point and trendline, also fallen out of the uptrend channel. MACD histogram shows bulls are completely exhausted. SL and TP in chart.
TP and SL in chart, some nice bearish divergences are in play, not kicked in yet. Especially in the weekly there is a nice bear lurking.
Divergence in play, pivot point seems to be the point where the price couldn't break through. Price is consolidating now for a couple of days and the horizontal support had resulted to hitting the channel support.