This is an interesting setup. On 4H TF, we have a strong break of TDI and PAC with RSI being still over 50. On daily we are still in a strong bullish movement but with some divergence, that should indicate at least a pullback if not a reversal. As usual I target a fib retracement and will update depending on TDI movement.
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Good start for this trade. On 4H TDI is going flat so we should see more consolidation.
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TP1 hit! Close half position here, set SL@b/E and we're set for a "risk free" trade until TP2 (1.28949).
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Ok... TP2 hit. I planned to split it let it run a bit... but not enough time. Good trade.
In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.
Thank you for sharing this chart. Continue your good work.