The trading setup is coming on the third propagation swing.
There was no dagger formation at the bottom of today's fall (1.330) that could inform for entrance into the long. That's why I'm waiting for getting the price back to 1.3290 on the inside wave and buy after the formation of the dagger and RSI confirmation.
If I missed the entrance on 1.330, then the...
The current bullish trend started with an H&S pattern on the price of 104.6 that indicated a reversal.
Afterward, the marked formed ABCD pattern that confirmed a bearish correction (112.6) and got back to the upward movement with another H&S (110.3).
Then we have a flag that confirmed a trend continuation (112.6) and our target is 116.6 - historical resistance...
The triangle is formed inside the bullish channel. Ascending trend.
After breaking up the 67 level - next target is 68.
If sanctions against Russia will come after the Black Sea conflict - the raise can go up to 74.
MACD shows double cross within 3 hours that is now turned into selling pattern.
RSI bullish divergence is really obvious also showing sell signal now.
1.24 resistance line bounced down the price that will go to ~1.231.
The channel of 1.231 is strong support that is the main point for selling. Close the position after entering this channel.
However, the line...