Long at 261.8% to 161.8% or slightly before it hit 20 SMA.
Hi guys, Price has hit 261.8% again last Friday, resulting in a bullish engulfing candle on the Daily chart, and Pinbar in the weekly. I see this as good opportunity to long this pair to 161.8% which is around 2.26. Good luck.
What I see is bullish divergence on Stochastic and price rejection at 161.8%. I would wait for price to reach 29.69, see the price action then decide to enter this trade or not.
Bearish divergence in H4 MACD. TGT at 1095.00 (90 sma)