In the chart below the main indicators are showing us some specific statistics from which we can conclude some things. MACD is giving and showing us a buying opportunity. RSI is showing and confirming reversal from 1.21400 and do it in the oversold zone. At the moment the price is in consolidation zone, so there is a possibility for a bearish short term movement. Keep an eye, but my idea is a for a long position.
Entry:1.21800 Stop:1.19920 TP:1.22500 Target 2: 1.23000
Entry:1.21800 Stop:1.19920 TP:1.22500 Target 2: 1.23000
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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.