Long
What are you waiting for? BUY THE DIP
Analysis are on 1D Timeframe
we're at the bottom of a long term bullish channel where we have major pivot and 0.618 level of Fibonacci retracement
we had a divergence at pivot A & a supporting pivot area that was successful to push the price much higher .the same structure is forming now at point B
It's too seductive to set a long order somewhere around 1.8
the targets would be channel midline, the next pivot and top of channel
I won't use SL for this . Cause it's a midterm investment and if it falls I will buy more
hope you have a profitable trades
we're at the bottom of a long term bullish channel where we have major pivot and 0.618 level of Fibonacci retracement
we had a divergence at pivot A & a supporting pivot area that was successful to push the price much higher .the same structure is forming now at point B
It's too seductive to set a long order somewhere around 1.8
the targets would be channel midline, the next pivot and top of channel
I won't use SL for this . Cause it's a midterm investment and if it falls I will buy more
hope you have a profitable trades
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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.