Price is at support level and there is bullish divergence on RSI.
Bullish bias after reversing from support level along with a bullish divergence.
Short entry after testing the resistance area with a pin bar (highlighted)
if price break the accelerated down trend line after the price found a support at 4030 the target is the main down trend line 135 pips
Stop order (Long) in case breaking downtrend and after high momentum bullish mother candle, as explained in chart
Pair at major support level with a pin bar waiting for close of the bar to confirm a long entry.
Sell limit signal in case candle of today failed to take over the high of the "Out of space pin bar" closing of the last week!
Breaking down trend with a high momentum bar, you are free to choose your 1st target whether the distance from the broken area to the trend line or the Fibo 38 which is at level 0.8072
Long entry order if exceeded the high of the high bullish momentum bar followed by low momentum inside two consecutive bars (Bullish are in control). and after breaking through the barrier (resistance level). Target is the same high of the signal bar.
Long market order after breaking TD Trendline aiming to next resistance level.
Good opportunity to go long after breaking the nick line, target one is the measurement of last shoulder to the nick line and target 2 is the normal objective of H&S pattern.
How many reasons you see on the chart indicating that the support level was only a matter of time before the price break through? There are four indications forehand the breakout. Can you tell me yours?