13-07-2022 _ Short Term Bullish Idea _ GBPCHF H4

13 Tem 2022

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

10 Ağu 2022

İşlem kapandı: durdurma seviyesi