DQ | Bullish Anticipation - Waiting for next HH and break EMA200
DQ - Mar 20, 2024 — 10:AM EST
1. Bullish divergence noticed on the Daily timeframe has started playing.
2. Bearish trendline has been broken.
3. EMA50 is also broken and its trend changed to upward direction.
4. EMA200 has been tested but not yet broken.
5. On Fib level, price has retraced to 38.2% level and show slowness in bearish momentum, signaling a probable bullish turn hence marking HL.
6. Strong bullish anticipationbut safe entry would be at 30.1, confirming break of EMA200 and latest HH.
Trade Call
Buy Stop @ 31.0, SL: 15.70
TP1: 37, TP2: 44
1. Bullish divergence noticed on the Daily timeframe has started playing.
2. Bearish trendline has been broken.
3. EMA50 is also broken and its trend changed to upward direction.
4. EMA200 has been tested but not yet broken.
5. On Fib level, price has retraced to 38.2% level and show slowness in bearish momentum, signaling a probable bullish turn hence marking HL.
6. Strong bullish anticipationbut safe entry would be at 30.1, confirming break of EMA200 and latest HH.
Trade Call
Buy Stop @ 31.0, SL: 15.70
TP1: 37, TP2: 44
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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.
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.