13-07-2022 _ Short Term Bullish Idea _ GBPCHF H4
1- Price action has bounced from a support zone which it has retested multiple times.
2- Bullish Divergence.
3- Price action then flipped and created a new HH, thus forming Convergence.
4- This presents a typical case of Divergence followed by Convergence, which suggests
consolidation / pullback followed by a move to the UPSIDE.
5- Currently it looks like a pullback is happening.
6- Hidden Divergence on the MACD Histogram.
7- Hidden Divergence suggests an UP move, thus forming confluence with Convergence.
Therefore, as long as the Support Zone holds my view remains Bullish.
Target 1 @ 1.17745
Target 2 @ 1.19114
Protection @ 1.1500
2- Bullish Divergence.
3- Price action then flipped and created a new HH, thus forming Convergence.
4- This presents a typical case of Divergence followed by Convergence, which suggests
consolidation / pullback followed by a move to the UPSIDE.
5- Currently it looks like a pullback is happening.
6- Hidden Divergence on the MACD Histogram.
7- Hidden Divergence suggests an UP move, thus forming confluence with Convergence.
Therefore, as long as the Support Zone holds my view remains Bullish.
Target 1 @ 1.17745
Target 2 @ 1.19114
Protection @ 1.1500
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Penafian
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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.