MKRUSD giving very clear breakout signals
MKRUSD is approaching the MA200 (1w) which is untouched since October 17th 2022.
The price has already closed over the MA50 (1w) last week for the first time since March 28th 2022, giving a clear long term buy signal.
A closing above the MA200 as well, is the next buy signal to take advantage of.
Trading Plan:
1. Buy if the price crosses over the MA200 (1w).
2. Buy if it then closes over Resistance (1) as well.
Targets:
1. 1160 (Resistance 1).
2. 1235 (Resistance 2).
Tips:
1. The RSI (1w) is rising inside a Channel Up since October 2022, a sign of a market bottom and long term reversal into a Bull Market.
Please like, follow and comment!!
The price has already closed over the MA50 (1w) last week for the first time since March 28th 2022, giving a clear long term buy signal.
A closing above the MA200 as well, is the next buy signal to take advantage of.
Trading Plan:
1. Buy if the price crosses over the MA200 (1w).
2. Buy if it then closes over Resistance (1) as well.
Targets:
1. 1160 (Resistance 1).
2. 1235 (Resistance 2).
Tips:
1. The RSI (1w) is rising inside a Channel Up since October 2022, a sign of a market bottom and long term reversal into a Bull Market.
Please like, follow and comment!!
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.