My analysis started with a 1D time frame where this pair had a bullish divergence. After that the chart has already made its 1st HH, HL awaiting. I have also plotted an ABCD Bearish Reversal Harmonic on a 1D time frame as a guide for the trend. Moreover, i have marked prominent Resistance & Support levels for my reference as well. Later, I checked the same chart on 4H and 1H analysis with no divergence on both. I selected 1H time frame for my trade analysis. The chart is in bull run (of course due to bullish divergence on 1D time frame). I have placed a pending order on 1H time frame.
The Signal is:
EP: 0.4474
SL: 0.4183
TP: 0.4765
RR: 2%
Lots: 62.67
The Signal is:
EP: 0.4474
SL: 0.4183
TP: 0.4765
RR: 2%
Lots: 62.67
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.