When market is in an uptrend, I look for divergence in the price as it holds 50%.
The chart as you see it pictures a perfect scenario for a trade entry, but make sure to have a stop loss set at fib retr. around 70%.
We could see the price going upwards from right here and right now.
Please note that I don't trade real money - I'm in it just for the thrills and fun.
The chart as you see it pictures a perfect scenario for a trade entry, but make sure to have a stop loss set at fib retr. around 70%.
We could see the price going upwards from right here and right now.
Please note that I don't trade real money - I'm in it just for the thrills and fun.
Trade active
if the price doesn't hold the current level, expect it to break the previous low.Note
The move up looks more like a correction, so we can expect it not to hit the target - move stop loss to break even, in case it drops another leg down...Note
It looks like it's ready to move up after all ... and the price move easily towards 130kTrade closed: target reached
Classic example of indecisiveness :) But if you set the original stop loss at break even, you would have been on the save side. So all good. 
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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.