Indicators
1 ) Trendline - Broke above the down trendline (Bullish )
2) Support/Resistance -Formed higher low (Bullish )
3) MACD - Formed 4R3G and bullish crossover (Bullish )
4) RSI - Moving sideways.. If break above 70% will indicate more bullish
5) STO -Bullish Crossover and rebound from 20% (Bullish ) .
6) Ichimoku - a) Breaking above support cloud (Slightly Bullish ). If break above 2.52 will indicate more bullish
b) Conversion line below the base line (Bearish).
c) Price above the baseline ( Bullish )
Conclusion:
Bullish -
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.58
Risk to Reward Ration ( RRR) =1 (Average)
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.63
Risk to Reward Ration ( RRR) =2 (Slightly Rewarding )
Resistance - 2.52 / 2.6 / 2.66 / 2.72
Bullish -
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.58
Risk to Reward Ration ( RRR) =1 (Average)
Entry Price at 2.53
Stop Loss at 2.48
Take Profit at 2.63
Risk to Reward Ration ( RRR) =2 (Slightly Rewarding )
Resistance - 2.52 / 2.6 / 2.66 / 2.72
Support - 2.5 / 2.39 / 2.35
0 comments:
Speak up your mind
Tell us what you're thinking... !