The Trend: On the bigger time frame the trend is up trend(direction) and the markets been trending slowly downwards on the smaller timeframe(correction) so it has broke the resistance trendline we looking for a buy opportunities.
The level: The support level is an important key level in the market as you can see, price broke out of the resistance level that becomes support and pulled back to it. Price level is 80.180
The signal: Ending diagonal has formed and it has broke out out of the formation. Previous 4H candle is a full bullish candlestick its showing strong bullish movement to the upside.
Another signal: the 8 ema and 21 ma has crossed and the 8 ema is acting as a dynamic support level.
The level: The support level is an important key level in the market as you can see, price broke out of the resistance level that becomes support and pulled back to it. Price level is 80.180
The signal: Ending diagonal has formed and it has broke out out of the formation. Previous 4H candle is a full bullish candlestick its showing strong bullish movement to the upside.
Another signal: the 8 ema and 21 ma has crossed and the 8 ema is acting as a dynamic support level.
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.