look at the picture
Daily chart
trend line indicates up trend.
Candlestick shows price is retracing back to up
So the trend is up and we will look for buy entry.
Now 4 hrs chart
look at the picture
Here I have used fibbonacci fan, Stochastic . look at the picture
Here there is hidden divergence and price retracement on 61.8% fib fan
Also look candlestick which also shows reversal.
So it is the time to enter the trade, also put SL , Below d3, TP target 1 D2, target 2 1.27% fibbos expansion.
Daily chart
trend line indicates up trend.
Candlestick shows price is retracing back to up
So the trend is up and we will look for buy entry.
Now 4 hrs chart
look at the picture
Here I have used fibbonacci fan, Stochastic . look at the picture
Here there is hidden divergence and price retracement on 61.8% fib fan
Also look candlestick which also shows reversal.
So it is the time to enter the trade, also put SL , Below d3, TP target 1 D2, target 2 1.27% fibbos expansion.
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