FILUSD 4H Can it break-out downtrend ??
Updated
In FILUSD 4H
We should wait price break-out the downtrend line and confirm 2 important parts at close
1.Confirm the close is higher than downtrend line .
2.Confirm the type of candlestick
the upper shadow must shorter than 1/2 body
After that we can setup stop loss
at red line (70.41)
1st target is 1(82.53)
2nd target is 1.272~1.382(90.63~93.91)
3rd target is 1.618(100.94)
We should wait price break-out the downtrend line and confirm 2 important parts at close
1.Confirm the close is higher than downtrend line .
2.Confirm the type of candlestick
the upper shadow must shorter than 1/2 body
After that we can setup stop loss
at red line (70.41)
1st target is 1(82.53)
2nd target is 1.272~1.382(90.63~93.91)
3rd target is 1.618(100.94)
Note
Perfect ending!!
And new target is 112
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