If this candle closes with no or minimum wick on the top, this could be a good signal for going long next week. The price has reacted right at support level and 50% of fib retracement so this looks good!!
I will probably set up a buy limit order.....thinking.....
As always, I will wait for the trigger bar. I believe it will go down, but let's wait.
After a pause, the price is still pushing up, this could be a good risk-return ratio.
This time let's wait for a nice trigger and then set up our profit target. This seems like a good oportunity, let's wait a bit.
After 3 pauses, the uptrend has not finished yet, so let`s go long
The price has stopped exactly at the support line and the most probable reaction is to keep the uptrend, however if it breaks down, then the price could go down to ~1.37000. Keep an eye on this!!
I believe the price is being rejected at 1.4090 and it could retest the 1.3970 zone.
According to previous structures, this support line has not been broken yet, we can see a clear trap over it and I believe now the price should go up from that point.
The price is in range right now, whenever it breaks I will wait for the pullback and then look for the trigger to either sell or buy.
Let's wait for the price to reach the yellow zone and then see if we get the trigger to sell. in the case the price breaks the yellow line drawin at 1.6010 the we would be looking a long position. UPDATE: This was close!!! :o(
I'll try this one UPDATE: I should have had moved my profit targets, anyway, I have some in my pocket now :o)
Let's see if we have a decisive candle on either the green or blue lines and then go long. In case it breaks the blue line strongly, then we would look for a short position.