A good Bullish Divergence on MACD-H
A divergence with Elder Force Index, so this is a confirmation.
False breakout developing on the 1H chart, which confirms a possible upward movement because of this price is rejected.
RSI touched overbought zone
I expect it to go up to the slow EMA
Target can also be the +0.5 or +1 ATR
I will decide if I get out at target 1 (first arrow) and with how much.
I could take 1/3 or 2/3 up to the +1 ATR, depending on how the trade develops.
Entry 0.00001144
Target 0.0001180
Stop Loss 0.0001130
R/R ratio: 1:2.5