Hi everyone, Here we can wait until price reaches the support and long, or we can wait till price breaks the descending triangle up and long from there. Cheers
Looks like it broke up the triangle and now is making a retest on the trendline. Goodset up for a long. Cheers
Hi Everyone, Looks like we broke up thedescending triangle, nice set up for a long, if you want to be more conservative, its better to wait for a break of the 200MA and then go long. Let me know what you think Cheers!!!
Hi Everyone, After the bulish engulment candle the pair is trading inside the candle channel. I see 2 options here for going long Option 1 - We can go long after we see a close above the resistence line. Option 2 (Risk takers) - We go long while inside the channel and put a SL below the Support. Cheers !!!
Hi Everyone, Bulish divergence with RSI indicator. Looks like a good entry for a long here targeting the 50% fib level. Cheeres
Hi Everyone, This looks like a good set up for going long here, we have a 200MA break up in 3D time frame and also prie action is indicating a bulish hidden divergence in the with RSI + the candle was an engulfing candle. Let me know what you think below in the comments Cheers
Hi everyone, Break of the downtrend trendline, there was a bulish engulfment candle followed by a retest of the trendline. I think it is good set up for a long position with good Risk reward. What you guys think?
Nice risk/reward on the pair. Setup is Bulish engulment.