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Showing good support off the trend lines
Used smaller time frame to go for a good entry and a small stop loss for big rewards.
Also hit a low of 25 on RSI
take profits set on fib retrace lines to the 0.618
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Price action for buy is really strong it broke out of previous trend and retested it for good sign of a breakout upwards. 1:2 risk reward ratio. i entered this trade on a bullish candlestick pattern. technical indicators support this uptrend on every time frame.
Waiting for it to reak out of the resistance zone and create a bullish engulfing/shooting star candle to place then aim for previous high support levelif it breaks lower level ill wait to see if support zone becomes resistance zone then think about a different entry to the downside or possibly wait for it to break upwards
on 1hour time frame its showing an uptrend and formed an engulifing candlestick pattern to support uptrend. and lower down on the 15 min time frame it is showing signs of breaking resistance and forming as a support for a short uptrend.