Hi, this post is totally for my own analysis. I try to be simple as possible. Easy trading right.
Using Bollinger Band, price are seen touching the lower band so we expecting the price to move upward and test the middle band. I expect the bullish as we can also can see a Bullish Morubozu candle already formed after spinning bottom candle. ADC indicator are over 25 which means strong trend is intact, which is good. Although MACD havent crossed yet, however the histogram are diminishing which show possible changes in downtrend. So, yeah we expecting the price to reach SBR level of 112.07 and if break, next target will be 113.10. Stop loss will be 50% of previous candle so 110.90 or bigger SL at the open price of Morubozu candle.
That's all.
Comment:
This one my prediction totally wrong. Price continue to go lower and looking strong momentum there. I guess nest support will 107.851. See either price are going there or not.