bullish pullback opportunity towards the 200-day moving average. Several strong indicators support this potential upward movement:
RSI Value Near 50: The Relative Strength Index (RSI) is hovering close to the neutral 50 level, suggesting a balanced market sentiment and potential for upward momentum.
Support Holding at 48.5 Level: The stock has...
Nobody ever knows what a stock is going to do, unless they are really way at the top and manipulating the market like a sissy would do.
This is a bullish pullback, and I've included some bearish price action elements I'm looking out for that give me pause before pressing any buttons.
I'm not going to be posting as furiously on Trading View in the future.
I do like to mark up the charts so I won't stop entirely.
But, I am redirecting some of my focus into building a more robust watchlist system, so if that interests you in anyway please go check out this youtube video I made attempting to explain what I'm doing and what my goals are.
These charts are starting to get absolutely atrocious to look at. I'm loving every minute of it.
A wise person once told me that insanity is doing the same thing over-and-over again and expecting different results. They didn't mean it as a compliment.
I'm glad they gave me that advice.
Pair is in a 4H Bearish Flag pattern
Pair could have bearish continuation
Enter on a 15m break-hook-go of support breakout
Take Profit is equal distance of flag pole
Possible Bullish pullback
Macd is over sold
Watch for Macd to cross above Red signal line before entry
Price may return to 50 sma
Bullish sentiment based on price action. This is completely backwards when taking in to account exceeded expectations of JPY consumer confidence and a miss on AUD retail sales. Entry is over resistance on 15min and hourly chart. 1/2 position entry due to discrepancies in trend and news. will look to enter 2nd position around 86.00 once bullish trend is confirmed.
Long on full position in expectation of bullish trend continuation after pullback. Stop loss of 40 pips just below hourly support. 1:r 2/2 with target of 85.95. Once @ 85.15 the 15min / hourly / daily and weekly charts will be trading above 20 and 50 SMA.
Entering long on full position at 144.3 just above resistance on pullback. Entry will be above 20 and 50 SMA on 15min and hourly chart. Stop loss of 70 pips at 143.6 just below 2nd point of resistance. GBP has shown 1-2 months of strength over JPY, pullback was expected, bullish trend should continue.