inakocibelli
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Pair is coming into an important supply level, according to the Fibonacci 76.4% level. The RSI is also approaching an oversold area, indicating buying pressure. In case this level holds, it may be a pullback for the bigger picture which is an uptrend at the moment.
Our entry is at 1.14250, if the candle closes below this number in the 4hr time frame I will then take it out, first target will be at 1.15250, if target is met, I will take some of my profits here and wait for the 4 hour candle close, for an indication of the next steps.
If the candle closes above the target I will then continue in the trade and only keeping a small position as a swing trade up to 1.1600 range.
:clap:
Our entry is at 1.14250, if the candle closes below this number in the 4hr time frame I will then take it out, first target will be at 1.15250, if target is met, I will take some of my profits here and wait for the 4 hour candle close, for an indication of the next steps.
If the candle closes above the target I will then continue in the trade and only keeping a small position as a swing trade up to 1.1600 range.
:clap:
