Since the beginning of the year we have been in a very strong downtrend, but technically the trend has turned bullish on the 4H-Chart as soon as the Blue Structure level was violated after forming a Head & Shoulders.
Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since then, the Price is getting some seller pressure.
If the price respects that resistance, it opens up 2 good opportunities to get long.
Scenario 1 (Green Arrows): This scenario is my preferable one, because:
If the price retests the Blue Area, I will wait for a candlestick formation to get long for a retest of the previous High Target 1: 9K and an extended Target 2: @10.5k
Scenario 2 (Yellow Arrows): This scenario is also a possible long opportunity if the price does not break and close below that area, because if it does, I will no longer be interested in a Buy, also on this scenario my targets would be more conservative: instead of aiming for an extended target I would only buy for a retest @7.5k for Target 1 and Target 2 a retest of the previous High @9k.
If you like the Idea give it a thumbs up, leave a comment if you want to discuss it or have any question.
Take care & Happy Pip-Hunting
Since the breakout the price has been in a strong upward movement until the RSI became extremely Oversold and on the next resistance in Green. Since then, the Price is getting some seller pressure.
If the price respects that resistance, it opens up 2 good opportunities to get long.
Scenario 1 (Green Arrows): This scenario is my preferable one, because:
- Breakout Confirmation of the Blue Structure
- Breakout Retest of the Head & Shoulders formation
- Fibonacci Confluence (61.8% from last leg & 38.2% from last bottom)
If the price retests the Blue Area, I will wait for a candlestick formation to get long for a retest of the previous High Target 1: 9K and an extended Target 2: @10.5k
Scenario 2 (Yellow Arrows): This scenario is also a possible long opportunity if the price does not break and close below that area, because if it does, I will no longer be interested in a Buy, also on this scenario my targets would be more conservative: instead of aiming for an extended target I would only buy for a retest @7.5k for Target 1 and Target 2 a retest of the previous High @9k.
If you like the Idea give it a thumbs up, leave a comment if you want to discuss it or have any question.
Take care & Happy Pip-Hunting
Ghi chú
Correction:Since the breakout the price has been in a strong upward movement until the RSI became extremely OVERBOUGHT and on the next resistance in Green. Since then, the Price is getting some seller pressure.
Giao dịch đang hoạt động
The price tested of the blue area during Saturday and then I waited for a Higher High & Higher Close candle which happened yesterday on the 8 AM Candle @ 7950Đóng lệnh: đạt mục tiêu
Target 1 @ 9kGiao dịch đang hoạt động
Target 2 is @ 10,5k and stop-loss was trailed to break-even.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.