THE 1.618 Expansion AB=CD COMPLETE THE FAKE BREAK OUT INCREASE THE CREDIBILITY OF THE UP MOVE.
daily chart: still a bullish trend as long as the previous low is not broken 4 hours chart: fake break --very strong bullish signal. sl:1.2850
closed in the morning because the 1.8820 level worries me. wait to see if the price can stand steadily on that level. be patient may be the market can offer a cheaper buying price. let us see
based on the bat pattern and in 4h chart, it has a double top. then, the resistance of 2050 can be certained, hold your position to the target 1970
1, 1.414bc projection (4h) 2. 1.618 projection combined with the structure resistance.
based on the false break, a retrace should have before it goes south. it goes so steep without any retrace.
1.horrrizental resistance break 2. trend line break out 3.with nice risk reward ratio
bat pattern, and potentially get a 30 pips, with a >1 risk reward ratio.
yesterday's daily chart gives a short signal. short when the uptrend line is broken.
reverse candle on the daily chart, indicating a strong reverse of a at least 38.2% retracement.
retrace to test the beak out and then rockets high to form the bat