Buy above 1.0590. Stop loss at 1.0450. Take profit at 1.0850.
Reason for the trading strategy:
Price continues to rise perfectly towards our profit target. We remain bullish above 1.0590 support (Fibonacci retracement, recent swing low support) for a push up to 1.0850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance).
RSI (34) is seeing a strong ascending support line holding price up.
Stochastic (21,5,3) is seeing a strong ascending support line pushing it up.
Reason for the trading strategy:
Price continues to rise perfectly towards our profit target. We remain bullish above 1.0590 support (Fibonacci retracement, recent swing low support) for a push up to 1.0850 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance).
RSI (34) is seeing a strong ascending support line holding price up.
Stochastic (21,5,3) is seeing a strong ascending support line pushing it up.
Related publications
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.
Related publications
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.