Showing clear cycles to the upside the recent retracement to a support level and close as a bullish engulfing bar including a retest of the 20 ema and a rejection of the 78.6% Fibonacci level are demonstrative of bullish impulse.
entry - above high of bullish engulfing bar
stop loss - below low of bullish engulfing bar
target - most recent swing high or higher
entry - above high of bullish engulfing bar
stop loss - below low of bullish engulfing bar
target - most recent swing high or higher
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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.