Indicators
1 ) Trendline - Broke Below the bullish trendline (Bearish)
2) Support/Resistance - If tomorrow rebound with a white candle will indicate a higher low which is bullish
3) MACD -we encounter 4R1G signal. If tomorrow a white candle after a hammer support will high chances show a 4R1G signal
4) RSI - Retracing toward 30% (Bearish) .If white candle there is chances of reversal sign
5) STO - At Oversold mode (Bearish)..If white candle there is chances of reversal sign
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price below the baseline ( Bearish)
7) Candlestick -weak hammer when touch the 0.64 ( Bullish). Waiting for confirmation bull attack
Conclusion:
Bearish - Still in bearish mode because we are not sure that this weak hammer is able to support the bearish force.. The previous higher low was at 0.615 and if it is able to rebound above this support line it will show that is it a higher low and it will show it is a strong bullish pattern
E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.735
RRR (Risk to Reward Ratio) = 1.3 (Average)
E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.82
RRR (Risk to Reward Ratio) = 3(Rewarding)
E ( Entry) : 0.67 ( Closed at or above it)
S ( Stop Loss) : 0.62
P ( Profit) :0.86
RRR (Risk to Reward Ratio) = 3.8 (HIghly Rewarding)
Support at 0.635 / 0.615 / 0.59 / 0.53
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