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Triple bottom breakout on the four-hour time interval after taking the neckline at 1.4400, the price followed through the 200-days SMA today, if we stabilize above the average i think we could see further upside.
The area near the 200-days SMA and the neckline should act as a near term support now, where i would long looking for the targets outline on chart.. I would exit the trade if we break back below 1.4270 with atleast one four-hour candle closing.
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Good luck, keep your stops tight..
My best regards
Technician
The area near the 200-days SMA and the neckline should act as a near term support now, where i would long looking for the targets outline on chart.. I would exit the trade if we break back below 1.4270 with atleast one four-hour candle closing.
Be one of the first 1k members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
My best regards
Technician
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thanks for your chat. i see a red mark in the RSI. what is it means.
i guess you remind that RSI had reached a high-position , pullback will come?
i'm agree you that it will pullback to near 1.4410..