long tp around 1960

12 окт. 2020 г.

uptrend just based on a double bottom that was formed in a daily chart . And it also broke the neckline of 1918 which is also the fib level of 61.8. so i would go long but it might come back to retest the area of 1920 and do a false breakout to capture liquidity and continue up from there. Also you can clearly see that once the market opens up there might be a double top forming on a 15 minute time frame so that indicates that it will most likely come back to retest the 1920 area and continue higher from there and TP will be around 1960. And if you take your indicator and draw a trendline in a 4 hour chart its creating a ascending triangle to indicate that its a bullish movement.