Observation
1) Trend line - Uptrend ( Bullish)
2) HH - Formed high low at 1.66 and going up ( Bullish)
3) MACD - Positive but if on monday retrace it will cause 4G1R bearish reversal (Bullish)
4) RSI - Now at 84% ( Bullish) but if 4G1R it will be a bearish reversal
5) ADX - Momentum strong and bullish
Conclusion
Either this counter is super bullish and continue to go up higher and higher or it will hit the resistance and retracing since it is a overbought (RSI 84%)
Entry Price - 1.89
Stop Loss - 1.78
Take Profit - 1.99 (R1) and 2.11 (R2)
No comments:
Post a Comment