In the 4hr TF:
1) Price touches kijun sen. Will the candle close above kijun sen???
2) %K crosses %D from below.
3) The angles of %K and %D are at 45 degrees.
4) Current Stochastic value = 60
5) Kumo has two flat resistance lines.
In the daily TF:
1) Stochastic is at oversold.
The long term trend is bearish. Therefore, this is a short term long trade. Do not trade this pair if uncomfortable. However, the risk to reward ratio is decent and is worth a try.
TP 1 = 3.6680
TP 2 = 3.6730
TP 3 = 3.6730
SL = 3.6190
1) Price touches kijun sen. Will the candle close above kijun sen???
2) %K crosses %D from below.
3) The angles of %K and %D are at 45 degrees.
4) Current Stochastic value = 60
5) Kumo has two flat resistance lines.
In the daily TF:
1) Stochastic is at oversold.
The long term trend is bearish. Therefore, this is a short term long trade. Do not trade this pair if uncomfortable. However, the risk to reward ratio is decent and is worth a try.
TP 1 = 3.6680
TP 2 = 3.6730
TP 3 = 3.6730
SL = 3.6190
Trade closed: target reached