H1 timeframe, price rejected EMA18. Moving to a lower timeframe (M15) divergence buy is identified, HL spotted and price has broken previous structure. This suggests a bullish bias.
Price reacted at 88.6% and 78.6% of Fibonacci retracement, with dojis. Therefore, a buy trade is executed to target 0.8670 (TP)
Price reacted at 88.6% and 78.6% of Fibonacci retracement, with dojis. Therefore, a buy trade is executed to target 0.8670 (TP)
Note
Price hits target 0.8670
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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.