price has slowed momentum and printed rejection candles at a price level.
Filter:
200 ema- price is above on weekly, daily, and 4 hour.
trend- bullish
reasons:
daily - doji at level
4 hour - doji and pinbar at level
1 hour - double bottom and break above the last high.
take profit at 1.217
extra support not part of the decision just nice to see. price is at the 61.8 retracement, RSI is diverging, Macd is loosing momentum.
Filter:
200 ema- price is above on weekly, daily, and 4 hour.
trend- bullish
reasons:
daily - doji at level
4 hour - doji and pinbar at level
1 hour - double bottom and break above the last high.
take profit at 1.217
extra support not part of the decision just nice to see. price is at the 61.8 retracement, RSI is diverging, Macd is loosing momentum.