weekly
Daily
H4
What to do now?
Good Luck to all traders!!!
- descending triangle pattern broke out
- MACD show strong bullish momentum
- candlestick above 200EMA and support by it
Daily
- Retesting the support at level 1.26
- MACD also shows strong bullish momentum
- Parabolic SAR also shows support around 1.26 and indicates strong bullish momentum is going on
H4
- MACD shows the exhaustion of bearish momentum and I think that the correction of the bullish trend is over
- Stochastic also have a golden cross at the bottom showing the rebound of the bullish trend
- It also support by 200 EMA
What to do now?
- Long the market immediately or
- Waiting for confirmation due to currently is retesting the support zone
- Please do your own proper risk management
Good Luck to all traders!!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.