Indicators
1 ) Trendline - Below the downtrendline (Bearish) if break above it at 2.5 it will indicate bullish
2) Support/Resistance -Formed lower low (Bearish)
3) MACD - Formed 4R3G (Bullish )
4) RSI - Broke above 50% (Bullish )
5) STO -Bullish Crossover and broke above 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 below the baseline ( Bearish)
Conclusion:
Bullish -and if break above the cloud and downtrend line it will indicate bullish reversal..
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 -and if break above the cloud and downtrend line it will indicate bullish reversal..
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
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