Bullish divergence… oversold.. bullish OB On the daily.. sounds like enough buy confirmation to me.. lets see what happens.. comments and/or suggestions highly appreciated :)
@Bp_Tradezz, Can i ask two question, 1. how did you get the blue trend line? and 2. What does the red horizontal line represent and how did you get it?
Bp_Tradezz
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@World_Open_Forex sure! 1. I just used the blue trend line to highlight the divergence between price action and the rsi indicator. If you see the rsi indicator i have below you will see that unlike the price action, it has made a lower low compared to price action which has made a higher low. This indicates underlying strength and bearish exhaustion so a reversal to the upside may take place. 2. The red horizontal line is just where the daily order block is (the last bearish candle before a bullish movement), that is where i looked to take my buy position! I hope i answered tour questions well :)