It was getting close to the top of bolinger band on 1hr and divergence on indicator and got rejected and hitting take profit level for this trade around 35 ema. Close half.
On 4 hr chart i can see spike above bolinger and two same highs created double resistance, maybe too early to say this - have 3 more hours for 4 hr candle to close and possibly to break it higher.but if this set up work out then tp level for it is 35 ema on 4hr and this tp level is still will be in top red zone of fibonacci retracement on 1hr chart - this makes it more possible to reach it and next level down to other side of bolinger on 1hr and corresponds with around 0.38 fibo.
Let’s see.
On 4 hr chart i can see spike above bolinger and two same highs created double resistance, maybe too early to say this - have 3 more hours for 4 hr candle to close and possibly to break it higher.but if this set up work out then tp level for it is 35 ema on 4hr and this tp level is still will be in top red zone of fibonacci retracement on 1hr chart - this makes it more possible to reach it and next level down to other side of bolinger on 1hr and corresponds with around 0.38 fibo.
Let’s see.
