looking for a new high we see what's going to happen
CONFLUENCE
1. uptrend
2. fib level hit retracement level
3. support has been hit and is respecting it
4. risk to reward ratio in favour
5. moving average is clearly indicating it is going long
negatives.
1. on lower time frame looks as if it is going short
2. moving average on lower time frame shows down trend valid
CONFLUENCE
1. uptrend
2. fib level hit retracement level
3. support has been hit and is respecting it
4. risk to reward ratio in favour
5. moving average is clearly indicating it is going long
negatives.
1. on lower time frame looks as if it is going short
2. moving average on lower time frame shows down trend valid
Comment:
stop loss 1.30096