weekly
Daily
H4
What to do now?
Good Luck to all traders!!!
- descending triangle pattern broke out
- MACD show strong bullish momentum
- candlestick above 200EMA and support by it
Daily
- Retesting the support at level 1.26
- MACD also shows strong bullish momentum
- Parabolic SAR also shows support around 1.26 and indicates strong bullish momentum is going on
H4
- MACD shows the exhaustion of bearish momentum and I think that the correction of the bullish trend is over
- Stochastic also have a golden cross at the bottom showing the rebound of the bullish trend
- It also support by 200 EMA
What to do now?
- Long the market immediately or
- Waiting for confirmation due to currently is retesting the support zone
- Please do your own proper risk management
Good Luck to all traders!!!