High probability long set up in the EURO. We have a bullish candle pattern at bottom of BB34 and at bottom of channel. For confirmation I would like to see the RSI rise above resistance and or Stoch rise above 20. First target is the 34MA. Bullish candle pattern close above the 34MA could see the Euro reach the top of the BB34 or 1.341 level.
Comments
morpheus747
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sorry but that is not an inside bar ? that big bear and a weak bull in the side ?
nmike
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..... R2 next likely target
nmike
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>>>> good chance that this time it will break current resistance
nmike
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>>>> bullish bounce at support
nmike
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>>>>> nice.... next upside target is the top of channel
trgowermagnificent
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Nice chart. Ever thought of using Keltner channels with a stochastic RSI on this pair?
nmike
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@trgowermagnificent, Keltner channels set at 20 - 2 work well also with any of your favorite oscillators