DAILY
price broke the down trend to the upside. Price also printed a pin bar two days ago evidencing possible demand from buyers. We also have a mini flag pattern. Thoughts are strong momentum do expect major pull backs.
4HR
1hr level aligns with the 4hr most recent high that price broke thru. 4hr price has room to work up to the daily level of supply / resistance.
1hr
price had a strong move up. Entry is being established at the most recent highs that were recently broken
Trade
1- 1/1 RR
2- 1/2.62 RR
price broke the down trend to the upside. Price also printed a pin bar two days ago evidencing possible demand from buyers. We also have a mini flag pattern. Thoughts are strong momentum do expect major pull backs.
4HR
1hr level aligns with the 4hr most recent high that price broke thru. 4hr price has room to work up to the daily level of supply / resistance.
1hr
price had a strong move up. Entry is being established at the most recent highs that were recently broken
Trade
1- 1/1 RR
2- 1/2.62 RR
Trade closed: stop reached:
price didn't push to the upside as expected. Might have been a little to early or price will just trend sideways for now so better to move on to next pair to see what is trending and moving.