we want to see a breakout above 0.7310 or so as step one. Then a small correction and we can go long. If you want to be more conservative, wait for double waves down, and trade the trend line breakout.
NOTE – Pay attention to the MACD histogram. Once the breakout happens, ideally we want to see higher highs on the histogram as well. If we get lower highs, it is a sign that we might see the price getting stuck in a range, which means, put the buy plan on hold.
A more conservative approach would be to wait for a double wave correction, once we get the breakout of 0.7310 level. Go long when the double wave correction trend line is broken up.
Target 1 - 0.7425
Target 2 - 0.7500
NOTE – Pay attention to the MACD histogram. Once the breakout happens, ideally we want to see higher highs on the histogram as well. If we get lower highs, it is a sign that we might see the price getting stuck in a range, which means, put the buy plan on hold.
A more conservative approach would be to wait for a double wave correction, once we get the breakout of 0.7310 level. Go long when the double wave correction trend line is broken up.
Target 1 - 0.7425
Target 2 - 0.7500
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.