on the weekly timeframe we can see a bullish engulfing formation in the weekly support area
and on the daily timeframe, price has also broken the trendline which is strengthened by a bullish divergent on the RSI
and this gives us an indication and an opportunity to buy.
wait some correction before jump into buy position. orange lines will be our targets
and on the daily timeframe, price has also broken the trendline which is strengthened by a bullish divergent on the RSI
and this gives us an indication and an opportunity to buy.
wait some correction before jump into buy position. orange lines will be our targets
Note
still holding this buyTrade closed: target reached
Finally TP1
Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
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.
Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
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.