EUR/USD - buy on 1H - market near strong support area
market is in sideways trend after strong breakout at the beginning of the week. Currently a triangle formation has been formed and market price reached trend line support and buy area. I expect a fakeout to scare buyers and make them open short order just to liquidate them after that.
-RSI reached support area and has to confirm support - support is confirmed if the rsi line doesnt go under the drawn bottom line
-Stochastic RSI reached heavy overselled area - expect buyers joining the market
-100 day moving average crossed the 200 day moving average upwards which is bullish indicator
-RSI reached support area and has to confirm support - support is confirmed if the rsi line doesnt go under the drawn bottom line
-Stochastic RSI reached heavy overselled area - expect buyers joining the market
-100 day moving average crossed the 200 day moving average upwards which is bullish indicator
Comment:
trading activ - am I good or what :P
Trade active:
tp1 reached within 6 hours
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.
