market price is still in correction movement after breakout at the beginning of this week. First stronger supports are near drawn buy area:
-100 day moving average (blue line)
-61,8 fibonacci retracement line which is entry for many buyers
-MACD baselines are near zero line which is support area / expect bullish crossing of baselines in this area
-stochastic RSI is already in heavy over selled area which brings buyers into the market
-regular RSI is at trend line support and should star up movement to make this setup valid
-100 day moving average (blue line)
-61,8 fibonacci retracement line which is entry for many buyers
-MACD baselines are near zero line which is support area / expect bullish crossing of baselines in this area
-stochastic RSI is already in heavy over selled area which brings buyers into the market
-regular RSI is at trend line support and should star up movement to make this setup valid
Trade active
Comment:
move stop loss under 1,625 - market should reach take profit line within next 12- 16 hours otherwise close the position
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
