Strong bullish momentum developing for this pair.
Divergence indicated correctly the start of the reversal. We are at early stages, recommended to wait for confirmation above the fibonacci value. 6H Kumo entry has the same value of the 0.236 fib retracement.
For profit taking there are two levels one marked by the 0.70432 price and, if there is a solid break of this fibonacci level at 0.71114.
Entry:
2H candle close above 0.69588
TP1 : 0.70432
TP2 : 0.71114
SL just below support at 0.69263
Divergence indicated correctly the start of the reversal. We are at early stages, recommended to wait for confirmation above the fibonacci value. 6H Kumo entry has the same value of the 0.236 fib retracement.
For profit taking there are two levels one marked by the 0.70432 price and, if there is a solid break of this fibonacci level at 0.71114.
Entry:
2H candle close above 0.69588
TP1 : 0.70432
TP2 : 0.71114
SL just below support at 0.69263
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Entries and exits on the kumo - 6H chart