$MUBARAK finally respected the upward slope on the 4H chart. Price has broken above the pivot level at 0.0735 and is holding around 0.0738—give me the confidence to place a buy order.
On the 4H chart, we see higher highs and higher lows, while the 1H chart is also trending up. The volume over the last 3 candles is 1.4–1.6× the 20-candle average, confirming the momentum. The momentum indicators on 1H are all positive, and the RSI is hovering around 62.
EP: 0.07364 – 0.07394
TP1: 0.07760
TP2: 0.08064
TP3: 0.08369
SL: 0.06998
Do you think the next resistance at 0.0825 will hold, or will it break quickly up to 0.083?
On the 4H chart, we see higher highs and higher lows, while the 1H chart is also trending up. The volume over the last 3 candles is 1.4–1.6× the 20-candle average, confirming the momentum. The momentum indicators on 1H are all positive, and the RSI is hovering around 62.
EP: 0.07364 – 0.07394
TP1: 0.07760
TP2: 0.08064
TP3: 0.08369
SL: 0.06998
Do you think the next resistance at 0.0825 will hold, or will it break quickly up to 0.083?