We readily achieved our long target; however, the price action was damn swift that didnt allow to enter at our anticipated figure as we didnt use pending order. Now the price has reached the daily trendline resistance, the trendline is lower one while the same figure appears as of upper trendline that formed a wedge which was earlier broken. We believe that the upside has been done so far and now the market will look to cover the opened gap.
Kommentar:
We can clearly see divergence on h4 chart as well while the candle is going to make inverted pin bar, we will likely enter on h4 candle close if it favors the downside price action.
