Indicators
1 ) Trendline - Broke above the downtrend line .. ( Bullish)
2) Support/Resistance - Formed higher high and formed higher low ( Bullish)
2) Support/Resistance - Formed higher high and formed higher low ( Bullish)
3) MACD - Negative ( Bearish) . Waiting for 4R1G signal for more confirm bullish reversal sign.
4) RSI - Rebounding from 50% (Bullish) ,
4) RSI - Rebounding from 50% (Bullish) ,
5) STO -About to rebound. If bullish crossover will indicate more bullish.
6) Ichimoku - a) Price above the support cloud ( Bullish)
6) Ichimoku - a) Price above the support cloud ( Bullish)
b) Conversion line meeting the base line
c) Price close below the baseline ( Bearish)
7) Candlestick pattern - 2 day white candle after hammer (bullish).
c) Price close below the baseline ( Bearish)
7) Candlestick pattern - 2 day white candle after hammer (bullish).
Conclusion:
Bullish but overall market is bad .. Enter at cautious monitoring..
Bullish but overall market is bad .. Enter at cautious monitoring..
E ( Entry) 2.26( Closed at or above it) -
S ( Stop Loss) :2.23
P ( Profit) : 2.34
RRR (Risk to Reward Ratio) = 2.67 (Slightly Rewarding)
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