Potential LONGS to HIGHS an BEYOND
Now that price has finally broken the roof (resistance at 4063 -4070 and made its way to 4100s. this morning.
THIS IS A SWING LONG!
- Price has now closed strong Bullish on the 4HR time frame with divergence to the upside. ALL HIGHER time frames are signalling LONGS and has been tested since JULY.
- Expect the Hourly timeframe to give us a retracement to the highs and liquidity area of 4106 slight pull back and continuation.
-Today price should close well into 4100 for continuation BUYS an to the extended TP of 4140
Very simple set up on the hourly time frame.
- Wait for 1 - 5 min engulfing candles
- We will need a bullish 1Hr candles to close above 4058 - 4064 respectively. If it happens in a single 1 hour candle because of volume, even better.
- Retest and continuation to the levels mentioned above.
*** IF THESE CRITERIAS ARENT MET TRADE IS NOT VALID AN MORE DOWNSIDE SHOULD BE EXPECTED***
***THIS IS NOT FINANCIAL ADVICE***