Depending on the MACD Crossing, we could see at least a mini rally up to the 0.5 Fib line.
With a tight stop this could make a very decent RR trade.
1. RSI Bullish Divergence
2. Potential MACD Cross
3. Retest Ichimoku Cloud
Drawing a line parallel to the support line could even be the definition of a new channel. Leading to the chosen TP point.
Stoploss will be hit if the cloud and trendline is broken
Here's to my first published trade idea :0
With a tight stop this could make a very decent RR trade.
1. RSI Bullish Divergence
2. Potential MACD Cross
3. Retest Ichimoku Cloud
Drawing a line parallel to the support line could even be the definition of a new channel. Leading to the chosen TP point.
Stoploss will be hit if the cloud and trendline is broken
Here's to my first published trade idea :0
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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.
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.