Hello friends
Last week the price broke the 1.08856 resistance with a strong bullish candle
And according to:
Monthly time frame:
- After the doji candle, November has started with a strong bullish candle
- The price crossed the MA20 resistance
- RSI: in the range of 50
- Stoch RSI: Although it is above 80, it does not show a tendency to decrease
(nearly 20 in the Metatrader application and the tendency to climb)
- MACD in range
Weekly time frame:
- Forming a strong bullish candle
- The price crossed the MA20,50,100 resistances
- RSI: crossed 50 and tendency to rise
- Stoch RSI: close to 70 and still tending to rise
- MACD: tendency to rise
Daily time frame:
- After the Inverted Hammer candle, the formation of a relatively strong bullish candle
- MA: crossing the resistances of 20, 50, 100, 200
- RSI: close to 70 but shows no tendency to decrease
- Stoch RSI: above 80
- MACD: still bullish
4H time frame:
- After the hammer candle, three relatively strong green candles
- MA: above support 20,50,100,200
- RSI: above 70 and with weak divergence
- Stoch RSI: tendency to rise and have divergence with the price
- MACD: Weak upward trend with divergence
I expect the charted trend next week
***However, I am definitely waiting for confirmation to start trading
be profitable
Thank you for expressing your opinion with likes and comments
Last week the price broke the 1.08856 resistance with a strong bullish candle
And according to:
Monthly time frame:
- After the doji candle, November has started with a strong bullish candle
- The price crossed the MA20 resistance
- RSI: in the range of 50
- Stoch RSI: Although it is above 80, it does not show a tendency to decrease
(nearly 20 in the Metatrader application and the tendency to climb)
- MACD in range
Weekly time frame:
- Forming a strong bullish candle
- The price crossed the MA20,50,100 resistances
- RSI: crossed 50 and tendency to rise
- Stoch RSI: close to 70 and still tending to rise
- MACD: tendency to rise
Daily time frame:
- After the Inverted Hammer candle, the formation of a relatively strong bullish candle
- MA: crossing the resistances of 20, 50, 100, 200
- RSI: close to 70 but shows no tendency to decrease
- Stoch RSI: above 80
- MACD: still bullish
4H time frame:
- After the hammer candle, three relatively strong green candles
- MA: above support 20,50,100,200
- RSI: above 70 and with weak divergence
- Stoch RSI: tendency to rise and have divergence with the price
- MACD: Weak upward trend with divergence
I expect the charted trend next week
***However, I am definitely waiting for confirmation to start trading
be profitable
Thank you for expressing your opinion with likes and comments
Trade active:
According to the divergence at 30min and 1H,
and the tendency to decrease in 1D and W
I expect the red trend (plotted on the chart).
My target 1 : 1.0947
My target 2 : 1.0888
My target 3 : 1.0805-1.0833 area
* Everyone is responsible for the result of their trade
** After each target, I will definitely get confirmation to enter the next stage (I am waiting for correction)
*** Be sure to put a stop loss
be profitable
and the tendency to decrease in 1D and W
I expect the red trend (plotted on the chart).
My target 1 : 1.0947
My target 2 : 1.0888
My target 3 : 1.0805-1.0833 area
* Everyone is responsible for the result of their trade
** After each target, I will definitely get confirmation to enter the next stage (I am waiting for correction)
*** Be sure to put a stop loss
be profitable
Trade active:
Achieving the goal 1
Be profitable
Be profitable
Comment:
The price is in a strong weekly support-resistance range
and conflict between buyer and seller
Today, the direction of next week's movement will be determined
(although I think it is bearish)
Be profitable
and conflict between buyer and seller
Today, the direction of next week's movement will be determined
(although I think it is bearish)
Be profitable
Trade closed: target reached:
The upward path reached the goal
Be profitable
Be profitable
Be careful, contact with strong support
Be profitable