Price action and momentum analysis tells us buyers are interested in this price, for whatever reason.
Big support area year after year:
On the 4 hour chart, the RSI has bounced off 15 many times (and not gone lower) in years:
Buyers absorbing downtrend selling:
Odds of a bounce are high. The 0.686 area provides the best risk to reward in my opinion.
Trying to get filled at 0.686, slighlty overcutting it.
Might miss out.
With a tight stop.
Maybe it is overkill?
Big support area year after year:
On the 4 hour chart, the RSI has bounced off 15 many times (and not gone lower) in years:
Buyers absorbing downtrend selling:
Odds of a bounce are high. The 0.686 area provides the best risk to reward in my opinion.
Trying to get filled at 0.686, slighlty overcutting it.
Might miss out.
With a tight stop.
Maybe it is overkill?
Trade active:
Good, now I should soon get stopped and take yet another loss :)
Make it quick and painless please.
Make it quick and painless please.
Trade closed: stop reached:
Nice, quick and painless, just how I like it.
MrRenev RSI is the same as normal RSI I just changed the theme so something I like more :p
Yes I know the standard RSI can be customized.