THe price has reached the fibo 76.4/78.6 level, a strong support zone, and the red trendline.
Yellow shows the daily sri divergence
SL is bottom of the last bullish impulse
TP is at the yellow trendlinebreak zone
have a nice Trading!
The price has reached a strong resistance zone.
RSI helps for us ,because it shows divergence, and the last bullish wave is flattened.
We waiting for a weak correction till
fib 0.382 or 0.5...
If the price brakes out over the counter trendline, We wait a bullish push and retest the Breakout point on H4....
Go long and first target is 1.4(fibo 38.2).
SL places for aggressive positioning
1.318
and conservative
1.295
Higher lows built on H4 Chart , closer and closer to 200 SMA. If the price is breaking out, we waiting a pullback to about 9460. TP is 10400 SL put between the 2 orange lines. It is a slow trade for patient traders :)
