Overall bullish because:
1. Fib retrace at 61.8% and retested twice
2. MACD line cross above signal line
3. Last three bars are higher high
Expecting bar will break the downtrend line and come back to retest the trend line and finally take off for target line.
Set up a buy limit order at 21742, tp at 22390, sl at 21210, RR of 1:1.
1. Fib retrace at 61.8% and retested twice
2. MACD line cross above signal line
3. Last three bars are higher high
Expecting bar will break the downtrend line and come back to retest the trend line and finally take off for target line.
Set up a buy limit order at 21742, tp at 22390, sl at 21210, RR of 1:1.
Trade active:
approaching the right direction
Comment:
as predicted, fiddling with the near term trendline
Comment:
well respect to the major trendline
Comment:
trading in the right direction