H1 Status Update
- We had a new RED TL breakout at 1.1409 and price then also broke through previous dashed RED touch level: 1.1421. That way 1.1421 is now nearest support on H1
- The previous 2 Dashed BLUE TL are slowing trend momentum down.
- A close above nearest Dashed BLUE will push price higher to the next dashed BLUE where price will probably start to retrace between the Dashed BLUE TL's.
- MACD slowly shows Hidden Divergence that tells me that highest Dashed TL will probably work as resistance. ThereforeI am planning to take profit around 1.1477 area as soon as I see bull weakness on M5.
- I will not risk any scalper selling while candles are between Dashed BLUE TL's. I only close longs and later buy dips again
I hope it helps.
Stay Green
Be a seer, not a looker!
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