Triple RSI
FX: EURCAD went oversold on the RSI (strength:21) for 15m, 1h, and 4h charts. Multiple users have bullish cypher pattern.
Returned to the 15m chart to draw three trend lines to wait for action to break one of the 3 trends to initiate a buy. trendline 3 was broken followed by trendline 2.
Target is trendline 1 with a stop loss placed at 1.427
Returned to the 15m chart to draw three trend lines to wait for action to break one of the 3 trends to initiate a buy. trendline 3 was broken followed by trendline 2.
Target is trendline 1 with a stop loss placed at 1.427
Note
buy initiated at 1.4238
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.