Two days ago, we witnessed a double bottom on the daily TF. The daily TF shows a flat tenkan sen and kijun sen. On the H4 TF, we have price pulling back to the previous resistance turned support and we just got our bullish tenkan-kijun cross. The future kumo is also showing signs of rollover. We get our confirmation from %R. In addition, future kumo is getting thinner.
Trade closed: target reached
Hit TP1.
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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.