HM signal (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement
- support at level @ 0.780 - 0.805
- Scenario 1 : time balance for previous up wave, it might move up from here before hit support zone
- Scenario 2 : it might push another down another level to support zone before turn up
It is good to consider buying some at current level, and add when the price turn up after hit the support zone.
- Heathy retracement
- support at level @ 0.780 - 0.805
- Scenario 1 : time balance for previous up wave, it might move up from here before hit support zone
- Scenario 2 : it might push another down another level to support zone before turn up
It is good to consider buying some at current level, and add when the price turn up after hit the support zone.
Comment:
seems like it has hit the scenario 2. lets see if it able to trend higher and breakout previous high
Comment:
It is good to take at least 30-50% partial profit here. if able to get at the low.
Comment:
it is a good buy back at current level. expect price to trend higher from here with a good SL at 0.835