Okay i got this here , this price tapped on a 1hr oder block but when i refined down to 15 mins i discovered that the oder block was a double bottom on 15 mins TF and price just tapped on the neckline . So price might start a reversal from this point or still dip into the double bottom to fill in pending oders Let's watch currently on a long position though
Indicators bottoming out, set alerts -> buy breakout.
Confluence: Triple top on the 1HR Chart Price has yet to create a new Lower Higher , it is trending up. Price has struggled to break the 114.40 level wicking but not closing over that price. 2:1 Risk Reward Trailing stops help to keep profits. 10 points = 1pip , 100 points= 10 pips.
Confluence: FIb retracement hit was .786 so TP is at 127% Fib extension level (.77194) , which is still in the ascending channel. 127% fib extension is in confluence with the weekly resistance. Bullish candle bounced off ascending channel leg , which acts like a form of support. Use trailing stop to have a risk free trade. Hope this helps you.
Confluence: 1. Looking for price to rally back around the 114.00 level then continuing the uptrend. 2. Price hasnt retested its breakout yet on the higher timeframe (daily) 3. Key level is the weekly support 114.00 4. Head and shoulders on the 1HR chart indicating probable rally downward before continuing uptrend. 5. Probable tps