EUR/USD - buy on 1H - market near strong support area
Updated
market is in sideways trend after strong breakout at the beginning of the week. Currently a triangle formation has been formed and market price reached trend line support and buy area. I expect a fakeout to scare buyers and make them open short order just to liquidate them after that.
-RSI reached support area and has to confirm support - support is confirmed if the rsi line doesnt go under the drawn bottom line
-Stochastic RSI reached heavy overselled area - expect buyers joining the market
-100 day moving average crossed the 200 day moving average upwards which is bullish indicator
-RSI reached support area and has to confirm support - support is confirmed if the rsi line doesnt go under the drawn bottom line
-Stochastic RSI reached heavy overselled area - expect buyers joining the market
-100 day moving average crossed the 200 day moving average upwards which is bullish indicator
Note
trading activ - am I good or what :PTrade active
tp1 reached within 6 hours
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