On a 1H chart we have a bullish reversal sign
Divergence with a current oscillator confirms possible reversal, what gives support to momentum traders, and can possibly give a momentum to the price movement.
Currently above weekly pivot
In case if the next bar will be closed above the level and above 50% of the previous bar, I will enter a long trade using a limit order or market (depends on situation)
"This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere. Any questions are welcome. Your Likes are much appreciated."
