Kiwi Upside Breakout
RSI divergence and T/K cross give initial bull signal. Candle closes above kumo (coinciding with fibo retracement from last major high) serve to confirm long signal. Small long entry will be taken with wide stops will be entered with stops tightening and additional lots entered as new trend develops. Candle close below kumo/fibo/trendline confluence invalidates trade.
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.