EUR/USD - market near breakout - buy on 1H
Updated
Market made a temporarily bottom in the 1.121 area and is looking for another up movement up to strong sell area. From there we can expect first bigger sell offs and new entry for another short wave after sell confirmation.
-MACD baselines are near bullish crossing on 4H which brings buyers into the market
-RSI is near triangle breakout on 1H , expect fast market up movement if this triangle break up and market confirms close above triangle
-Bollinger bands in 4 H getting smaller and price reached down side which implements an soon volume breakout which brings fast market movement
-MACD baselines are near bullish crossing on 4H which brings buyers into the market
-RSI is near triangle breakout on 1H , expect fast market up movement if this triangle break up and market confirms close above triangle
-Bollinger bands in 4 H getting smaller and price reached down side which implements an soon volume breakout which brings fast market movement
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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