- Daily >> Price tested and was rejected off 1.25010 support area.. Stochastics over sold and getting ready to rise
- 4 Hour >> After being oversold and testing the support line for a time price, price pushed up above the most recent lower high. Bouncing off the 55MA to retrace a bit
- 1 hour >> Big bullish impulse breaking the descending trend-line...Triple MAs crossing for bulls (only the 13 & 21 so far) but bearish momentum is slowing..
- 30 min >> Triple Moving averages fully crossed and price ranging a bit inside MAs... Stochs almost oversold
- 15 min >> Price is above the 15min 200MA andis currently resting on it.
-Overall >> Price is currently making a double bottom on the 15min but has room to go down further. Will wait to see if double bottom is valid b4 taking a position. But potentially a good buy entry due to price resting on the 15min 200ma and ranging within the support area. Will wait for the current 4 hour candle to finish before placing a trade. Looking towards 2 targets, 1st target is the most recent high on the 1 hour chart (1.25898), 2nd target is just below next area of support just below the 4hr 200MA (1.26645)
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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- 4 Hour >> After being oversold and testing the support line for a time price, price pushed up above the most recent lower high. Bouncing off the 55MA to retrace a bit
- 1 hour >> Big bullish impulse breaking the descending trend-line...Triple MAs crossing for bulls (only the 13 & 21 so far) but bearish momentum is slowing..
- 30 min >> Triple Moving averages fully crossed and price ranging a bit inside MAs... Stochs almost oversold
- 15 min >> Price is above the 15min 200MA andis currently resting on it.
-Overall >> Price is currently making a double bottom on the 15min but has room to go down further. Will wait to see if double bottom is valid b4 taking a position. But potentially a good buy entry due to price resting on the 15min 200ma and ranging within the support area. Will wait for the current 4 hour candle to finish before placing a trade. Looking towards 2 targets, 1st target is the most recent high on the 1 hour chart (1.25898), 2nd target is just below next area of support just below the 4hr 200MA (1.26645)
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Disclaimer: The Trade setups are based on my analyses and ideas and they are not signals or trading advice. Do your own analysis before you enter any trade based on my shared analyses. Trades are entered once criteria is met....Remember trading is risky and we can't force the market in any direction..#ExercisePatience
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Comment:
Price is currently hovering around the daily support area. Waiting to see it close above before taking a buy trade
Order cancelled:
Price stayed within the sell zone and fell further. Will not be taking any buys