Breakout from the trendline & making a retest on the minor support zone as well Great opportunity to Long this pair!
Overall Trend is Bullish The price is bouncing back from the support z My target will be 155.200
My target will be 1.20600 & wait for a buy confirmation in that area If the price break through 1.20500, it will come down to the key level which is 1.19900
The price has came to the strong daily support area I will place a buy order and target the resistance area in the chart
Price supported by the daily uptrend trendline & Support area Blue line is my target for this trade
Here is my short term trade idea for this pair Are you shorting this pair as well ?
Buy low & Sell High in the range My target will be the blue box
Short term trade idea for this pair Are you shorting this pair as well ?
Big timeframes is in Uptrend - 1HR Timeframes shows a double bottom at the support area & Bullish Doji Candle I will buy the bottom and target the resistance 91.100
Retest the broken trendline Head & Shoulder pattern in H4 Timeframes
1. Strong uptrend trendline with the candle bounce back from the trendline three times 2. Minor Support zone 3. The market is in an oversold condition TP : 0.72300 Sl : 0.71349
I will open a short term trade under the resistance Red lines will be my targets
I will open a short position below the strong resistance and targeting the downside support let's see the result!
2 main reasons for me to entered Long position for BTCUSD 1) Strong trendline ( UPTREND in H4 timeframes ) 2) The price is near the support zone Target Profit 1) 58000 2) 60000 3) 61000 4) HOLD! Stop Loss - 55800
Strong Resistance level 1740 Pivot level 1721 Trade Entry : 1737-1740 Stop Loss : 1742 Target Profit : 1730 . 1721 . 1710
Strong trendline & strong resistance at 1740 I will open short trade and my final TP is 1685 Entry level : 1734 - 1737 Target profit : 1721 . 1710 . 1685 Stop Loss : 1745