WE CAN OBSERVE IN THE TECHNICAL ANALYSIS THAT THE PAIR HAS CREATED A DOUBLE BOTTOM. IT IS BETTER SEEN IN THE 1HR TIME FRAME. HOWEVER SHOWING ON THE 4HR SINCE YOU CAN SEE PRICE IS REJECTING OFF MA 200. THIS CERTAIN MOVING AVERAGE HAS BEEN A SUCCEFUL INDICATOR SHOWING THE PRICE TO BOUNCE BACK LIKE A STRONG SUPPORT OR RESITANCE LINE.
RSI DIVERGENCE SHOWING THE PRICCE IS ALSO OVER SOLD. THIS PAIR SHOULD BE BULLISH IN THE COMING LONDON SESSION.
WE WAIT FOR A CLEAR BREAK IN THE RESITANCE/ NECKLINE. UNLESS THAT HAPPENS WE DO NOT ENTER THE TRADE
RSI DIVERGENCE SHOWING THE PRICCE IS ALSO OVER SOLD. THIS PAIR SHOULD BE BULLISH IN THE COMING LONDON SESSION.
WE WAIT FOR A CLEAR BREAK IN THE RESITANCE/ NECKLINE. UNLESS THAT HAPPENS WE DO NOT ENTER THE TRADE
Comment:
currently just broke resistance and neckline. confirmed entry for buy