Hi guys,
on the higher timeframes, like the daily, this pair is in an uptrend, because it broke to the upside the most recent resistance (upper black line). Now, until we broke a support to the downside, the trend will be considered bullish. Therefore, it makes sense to look for trading opportunities on lower timeframes, when we see there's higher timeframe structure looking left. Here we have a double bottom with RSI divergence and an engulfing on the 4H chart.
Entry at market, stops and targets as shown.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
on the higher timeframes, like the daily, this pair is in an uptrend, because it broke to the upside the most recent resistance (upper black line). Now, until we broke a support to the downside, the trend will be considered bullish. Therefore, it makes sense to look for trading opportunities on lower timeframes, when we see there's higher timeframe structure looking left. Here we have a double bottom with RSI divergence and an engulfing on the 4H chart.
Entry at market, stops and targets as shown.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
トレード終了: 利益確定目標に到達:
After going through some pain, first target hit:
