Going long with Hammer
CXY is bullish and SXY is bearish on the Daily chart
1. The chart has defined the LH
2. hammer candle spotted
3. bullish trend line is playing as support
4. 0.236 Fib. level is playing as support(hourly)next FIB. Retracement 0.5 level will be the resistance n TP(daily)
5. Bottom to top Time Cycle on the daily chart is 25 bars(yet to be complete)
6. RSI divergence found on the daily chart
7. No pattern could be seen
1. The chart has defined the LH
2. hammer candle spotted
3. bullish trend line is playing as support
4. 0.236 Fib. level is playing as support(hourly)next FIB. Retracement 0.5 level will be the resistance n TP(daily)
5. Bottom to top Time Cycle on the daily chart is 25 bars(yet to be complete)
6. RSI divergence found on the daily chart
7. No pattern could be seen
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