Bullish Bat forming. Confluence with price hitting weekly support trend line, previous resistance trend line and major demand zone. Bouncing off Daily 0.27 FIB, RSI oversold with bullish divergence.
I would be looking for price to make a 2x bottom or a bullish reversal candlestick confirmation before entering trade.
Feeling good about this one!
FXLifestyle - Trade Your Future
I would be looking for price to make a 2x bottom or a bullish reversal candlestick confirmation before entering trade.
Feeling good about this one!
FXLifestyle - Trade Your Future
Note
Trend stayed bearish and falling even lower. The bullish bat is still possibly valid, still keeping an eye out on this one, the bearish trend is strong but has been oversold for quite some time now. Price may retrace around this area -0.27 FIB.
Note
Right shoulders like to bounce off 0.50 FIB, plus a good TP for the Bullish Bat.
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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.