Good day all,
Why long trade?
Confluence 1: Price rebounded 10690.2 Support 5 times in the past which means price not going bearish anytime soon.
Confluence 2: Trajectory of bullish movement started of by rebound of 10690.2 support zone. Current price is in an uptrend make HHs and HLs.
Confluence 3: Tweezer spotted at Fib retracement in 4H charts at 38.20%
Confluence 4: Retest of previous structural high completed.
Entry: after Bullish engulfing candle - 11476.5
Stop loss: Ballsy stop loss just below bullish candle - 11315.9
Take profit - With relation of price retraced to 38.20 we will take profit at 61.8% - 11808.6
Good luck all!!! All the best
Why long trade?
Confluence 1: Price rebounded 10690.2 Support 5 times in the past which means price not going bearish anytime soon.
Confluence 2: Trajectory of bullish movement started of by rebound of 10690.2 support zone. Current price is in an uptrend make HHs and HLs.
Confluence 3: Tweezer spotted at Fib retracement in 4H charts at 38.20%
Confluence 4: Retest of previous structural high completed.
Entry: after Bullish engulfing candle - 11476.5
Stop loss: Ballsy stop loss just below bullish candle - 11315.9
Take profit - With relation of price retraced to 38.20 we will take profit at 61.8% - 11808.6
Good luck all!!! All the best