Timeframe: 1H
Confluences: On the 1H chart, price has made a new higher high. I've set the buy order at the 50% bullish fib which lines up with a BRC of a resistance turned support, plus a bullish EMA zone. On the 4H chart, price has broken to the upside from a consolidation zone. On the daily chart, price appears to be making a new higher low, after a retrace into a bullish BRC.
Confluences: On the 1H chart, price has made a new higher high. I've set the buy order at the 50% bullish fib which lines up with a BRC of a resistance turned support, plus a bullish EMA zone. On the 4H chart, price has broken to the upside from a consolidation zone. On the daily chart, price appears to be making a new higher low, after a retrace into a bullish BRC.
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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.