BCOUSD: Lots of confluence for upwards momentum

4H BCOUSD: A lot of confluence for upwards momentum

• Inverse H&S on the daily time frame
  
• Broke resistance, now support at 64.626
  
• Hammer / Morning Star on the 200 EMA and the support level at 64.626 (4H)
  
• Also a Hammer candle on the Daily time frame
  
• ATR on the 2D timeframe going down, while price went up
  
• Fridays hammers' wicks took out the stop losses from the last two lows of the previous week
  

Trade ist aktiv:

Taking partial (50%) profits here. And moving stop loss to $66.40.

Kommentar:

Moving Stop Loss up to $70.00 as we approach our main target of $75.50.

Trade geschlossen: Ziel wurde erreicht:

Closed this trade as our target of $75.50 has been reached.