Price has reversed right above our stop loss from yesterday. We remain bullish with the price now testing major support at 0.7456 (Fibonacci extension, Elliott wave theory, bullish divergence) and we expect to see a bounce above this level to at least 0.7520 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above the 7% level where we expect a bounce from. We can also see bullish divergence vs price signaling that a bounce is impending.
Stochastic (34,5,3) is seeing major support above the 7% level where we expect a bounce from. We can also see bullish divergence vs price signaling that a bounce is impending.
Trade active
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.