We have several indicators turning bullish on the 4 hour chart. The RSI is showing increasing momentum, the MACD shows a modest level of bullish divergence, and the PARSAR is bullish. I am currently awaiting confirmation that validates my idea atm before I enter a position.
The RSI is at the currently near the bottom of the wave pattern as well.
Tell me what you think! :)
Use your own judgement. This is not trading advice.
The RSI is at the currently near the bottom of the wave pattern as well.
Tell me what you think! :)
Use your own judgement. This is not trading advice.
Order cancelled:
This idea has been invalidated.
Trade active:
Given my idea was based off of the 4HR it obviously would have taken time to play out. It looks like my prediction may have been right after all.