Strong confluences on 1D time frame for the Bullish BIAS on this pair.
1- RSI divergence
2- Formation of HH and HL
3- Bullish Trend Line
4- Hammer Candle stick pattern formation
5- Double Bottom
we anticipate the market to remain in Bull phase.
Entry point is market with TP1 and TP2 as R:R of 1:1 and 1:2 respectively. Keep you Stop loss slightly below the Double Bottom (Support line)
1- RSI divergence
2- Formation of HH and HL
3- Bullish Trend Line
4- Hammer Candle stick pattern formation
5- Double Bottom
we anticipate the market to remain in Bull phase.
Entry point is market with TP1 and TP2 as R:R of 1:1 and 1:2 respectively. Keep you Stop loss slightly below the Double Bottom (Support line)
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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.
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.