Right now price is perfectly over of it's Median of recent 120 hour which is a sign of a bullish trend. Also Higher Highs and Higher Lows are formed.
A momentum is also visible.
8th of July was a scene of a really high volume reversing candles which they final were broken in Monday of the next week!
At 13th of July Bulls attempt to break the level was unsuccessful.
Today at 6 A.M and 7 A.M of UTC, Buyers broke the level successfully! coming back to the price in recent days might be a chance for entering a trade!
SL here is just a suggestion regarding the market volatility! I prefer to enter after a confirmation on lower time frames such as 5m chart but it's totally personal!
I'll change the value of the SL regarding the entry point but not the amount of SL.
TP is slightly below the VP.
Both SL and TP may change forward but I'll not change the SL after the trade activated.
I look forward to your comments.
A momentum is also visible.
8th of July was a scene of a really high volume reversing candles which they final were broken in Monday of the next week!
At 13th of July Bulls attempt to break the level was unsuccessful.
Today at 6 A.M and 7 A.M of UTC, Buyers broke the level successfully! coming back to the price in recent days might be a chance for entering a trade!
SL here is just a suggestion regarding the market volatility! I prefer to enter after a confirmation on lower time frames such as 5m chart but it's totally personal!
I'll change the value of the SL regarding the entry point but not the amount of SL.
TP is slightly below the VP.
Both SL and TP may change forward but I'll not change the SL after the trade activated.
I look forward to your comments.
Order cancelled:
The price reached near our level and showed a strong reaction to the target range!
Our trade position was consumed without activation!
Our trade position was consumed without activation!