Reasons for why I am going long. -Main trend (Weekly & Monthly) is UP. -PA on the 4hr is a hammer(Long tail), right on top of a daily support area. -PA on the 4hr formed on the 38.2% Fib level.
Entry- Enter on the 50% Fib of the Hammer with a tight SL. (181.173) Exit- 185.000 or 185.500 wait for a pullback to pyramid long.
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.