The price action of Ox / US Dollar is forming bullish BAT pattern and soon it will be entered in potential reversal zone.
This PRZ area can be used as stop loss point in case the complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.1922 to 0.1723
Sell between: 0.2398 to 0.3115
Enjoy your profits and...
Priceline os Ox / US Dollar has formed a bullish butterfly and entered in potential reversal zone.
RSI is oversold.
Price action is also hitting at the support of lower band of bollinger bands.
Volume profile of complete pattern is showing weak interest of traders within PRZ area.
From here the price action will take bullish divergence soon insha Allah.
Alright so 0x has been following a prettty easy pattern for trading. It has been respecting supports and resistance almost religiously. RSI and MACD are corresponding with a rejection off of the resistance STILL consistent with the bear market we are seeing right now! SHORT SHORT SHORT and good luck traders
. 0X/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue.
. There is a possibility of temporary...