Observation
1) Trend Line - Downtrend ( Bearish)
2) HH - Formed a small higher low at 1.11 on Feb 16 ( Bullish)
3) MACD - Formed 4R1G ( Start of bullish)
4) RSI - Broke 50% and now at 59% ( Bullish)
5) ADX - Weak momentum and bullish
Conclusion
Look tempting to go and buy cheap price but to be safe let observe longer.
Entry Price - 1.2 ( Increased to narrower earning due to downtrend)
Stop loss - 1.08
Take Profit - 1.29 (R1) and 1.36 (R2)
Daily Buy Call in Forum.. (Do not forget to view here for daily Stock Picks)
http://edwinextremebullrun.blogspot.com/search/label/FORUM
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