Analysis are on 1D Timeframe
we're at the bottom of a long term bullish channel where we have major pivot and 0.618 level of Fibonacci retracement
we had a divergence at pivot A & a supporting pivot area that was successful to push the price much higher .the same structure is forming now at point B
It's too seductive to set a long order somewhere around 1.8
the targets would be channel midline, the next pivot and top of channel
I won't use SL for this . Cause it's a midterm investment and if it falls I will buy more
hope you have a profitable trades
we're at the bottom of a long term bullish channel where we have major pivot and 0.618 level of Fibonacci retracement
we had a divergence at pivot A & a supporting pivot area that was successful to push the price much higher .the same structure is forming now at point B
It's too seductive to set a long order somewhere around 1.8
the targets would be channel midline, the next pivot and top of channel
I won't use SL for this . Cause it's a midterm investment and if it falls I will buy more
hope you have a profitable trades