Weekly chart: Prices below 185 got rejected last week; 205 seems to be resistance; small bull div on ATR and FI; prices could not close above -1 ATR far a few weeks, which is bearish
Daily chart: Bullish divergence (ATR, FI, MACD + H) with confirmed false breakdown of 185.71 on Thu and Fri last week;
Entry: price holding above 185.71 towards the end of day and NHNLs not being below -500 (bearish weather...)
Target: be back to 200 - 205
Stop: 1.5ATR away from entry, like 170 ish
Scratch: closing a few times under 185.71, which would cancel the false breakdown
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.