For those who aims for long position in long term movement, enter long position around green area. TP is either red area or reached the down trend line.
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TF Week: Still an up trend sign to follow.
TF H4: Price is going to reach blue zone as the first resistance area. After that, it may drops to the support line and continue to reach the red line above one.
Suggestion1: Short position, sell at blue area, TP at below red line.
Suggestion2: Long position, wait for price to reach the support line before entering. TP...
After price was heavily moving down for 1-2 months, it's time to buy at support zone now.
- TF Day: Parabolic SAR tells that the price was moved down more than 1x multiply of difference point Indicator value at reverse spot.
- TF Week: Parabolic SAR is on up trend.
As indicated from Fibo-extension, the price is going to retest at 1527 resistance and probably will drop to 1481 as a first support level .
What is sure is that 2 of indicators have plenty space to run on way up along with up trend in Time frame Day and Week.
Let's see what will happen next whether I'm right or wrong.