Indicators
1 ) Trendline - Above the bullish trendline (Bullish)
2) Support/Resistance - formed higher low (Bullish)
3) MACD - Formed 4R2G(Bullish)
4) RSI - Rebound from 50% and testing 70% (Slightly Bullish). If break above 70% it will be bullish
5) STO - Formed Bullish crossover and broke above 50% (Slightly Bullish).
6) Ichimoku - a) Above support cloud (Bullish). b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Formed a Bullish Engulfing ( Bullish)
Conclusion:
Bullish
Buy call from 8 October
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.43
RRR (Risk to Reward Ratio) = 0.6 ( Risky)
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.45
RRR (Risk to Reward Ratio) = 1( Average)
E ( Entry) : 0.4( Ensure closed at or above it)
S ( Stop Loss) : 0.35
P ( Profit) :0.47
RRR (Risk to Reward Ratio) = 0.86 ( Slightly Rewarding)
Support at 0.4/0.35 / 0.32 / 0.3 / 0.28
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