Hey guys,
i'm not trading until the new year but i want to give you some educational content.
On the left hand side we have a daily chart. As you may see recently we broke to the upside two big resistance levels and now we are coming back to retest this level.
The break and close above make me think the trend has changed and i think we may see another upmove.
As soon as price comes into that zone i'm looking for bullish opportunities: in the 4hr chart on the right hand side we see there's a double bottom with RSI divergence right at that level.
Usually i enter this kind of trade only with the confirmation given by an engulfing candle.
I pointed out the candle i'm watching. If it's going to close above the previous i think this may be a good buy.
If you have any questions, ask below.
Otherwise, see you in the next chart!
i'm not trading until the new year but i want to give you some educational content.
On the left hand side we have a daily chart. As you may see recently we broke to the upside two big resistance levels and now we are coming back to retest this level.
The break and close above make me think the trend has changed and i think we may see another upmove.
As soon as price comes into that zone i'm looking for bullish opportunities: in the 4hr chart on the right hand side we see there's a double bottom with RSI divergence right at that level.
Usually i enter this kind of trade only with the confirmation given by an engulfing candle.
I pointed out the candle i'm watching. If it's going to close above the previous i think this may be a good buy.
If you have any questions, ask below.
Otherwise, see you in the next chart!
Trade closed: target reached:
Keeping the second position open