Monthly Key Level
Weekly Divergence on a Monthly Key Level
we need a confirmation for the weekly Divergence on a lower time frame.
when we got that will go long with it
We still need a break on daily to confirm
1. Monthly Key level
2. Weekly Divergence
3. Daily Divergence
Then will talk about entry Strategy
Check the previous idea
I think its going to 30`s area
then will see the price action and will talk about it.
For me? still waiting, its a waiting game, you need to be patient
On Daily
1. Price near to the down trend
2. Price near to the 50 EMA (below)
3. Price near to Monthly Pp (below)
Observations:
1. Early break on RSI
2. RSI up channel (Below 50 level)
3. RSI Divergence
Accumulation/Distribution?? (Yellow area)
Where Are We NOW!
The price is reaching strong Area Of Confluence (AOC).
What is The odds?!
1. If breaking AOC...
The pair is reaching an Area Of Confluence
On short term the price may struggle on that area to hit back to Monthly Pivot point
BUT, if the price keep going on current strong trend and break the Area Of Confluence its likely will start a bullish trend after breaking the upper resistance (Channel).
from that point will check the price action then will see how...
