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manqoz786
Jan 8, 2021 11:46 PM

LONG Long

Australian Dollar/Japanese YenFXCM

Description

ON THE DAILY TF PRICE IS ON AN UPTREND (20EMA ABOVE THE 50 EMA)WE HAVE A CORRELATION ON THE 4H TF WITH A 1-2-3 PUSH UPWARDS.PRICE HAS ALREADY PULLED BACK TO THE PREVIOUS HIGH,WHICH SHOULD PROVIDE SOME SUPPORT.THERES A BEARISH PUSH DOWN, FOLLOWED BY A HAMMER.I WILL WAIT FOR A CONFIRMATION CANDLE (BULLISH) ON THE 4H TF OR A BULLISH CLOSE ABOVE THE RESISTANCE ON THE 1H TF. IF PRICE SHOULD REACH AROUND THE 70 MARK ON MY RSI IT WILL CONFIRM BULLISH MOMENTUM. JUST AN IDEA OF MINE
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