Weekly: nice bullish trend without obvious violation.
Daily: retest mid-term MA & flip area which happens to be a nice demand zone. The downtrend line and uptrend line is about to meet, so which direction it might choose? Smaller time frame may give us a clue.
1H: I observed positive signs with high probability of going up. Now I need to price to close above the downtrend line to confirm. Then, the pullback would be a nice entry point for buyers.
Daily: retest mid-term MA & flip area which happens to be a nice demand zone. The downtrend line and uptrend line is about to meet, so which direction it might choose? Smaller time frame may give us a clue.
1H: I observed positive signs with high probability of going up. Now I need to price to close above the downtrend line to confirm. Then, the pullback would be a nice entry point for buyers.
Commentaire:
Zone dynamically changed. With a strong momentum, previous setup may not be revisited and I marked a new zone in yellow to follow up.
plan your trade and trade your plan