Bullish Gartley in Uptrend
Based on the following analysis.
Will continue to monitor trade.
This analysis is my own idea, trade at your own risk.
- The overall long term trend is upwards.
Price has found itself at an area of support.
Currently waiting for price to break and retest the trend.
Areas marked for potentials entries with risk reward of 1:3 therefore good.
RSI is at 30 on Daily, and on 4 hour starting to rise.
Will continue to monitor trade.
This analysis is my own idea, trade at your own risk.
Kommentar:
Divergence on both 1 & 4hr. Price seems to be consolidating into small range. Would like to see a break above to verify harmonic pattern.
Kommentar:
Price is still around the 1.30500 level.
A Long upper shadow formed on the daily chart (bearish) but a small morning star seems to be forming.
4hours is still divergent on RSI and in consolidation range,
A Long upper shadow formed on the daily chart (bearish) but a small morning star seems to be forming.
4hours is still divergent on RSI and in consolidation range,
Kommentar:
Price has become bullish and broken out of consolidation zone. Expect a retest before resuming Bull nature.