USDRON: Long opportunity on the 1M Channel Up.The pair has started to rebound after last week's Higher Low within the 1M Channel Up (RSI = 61.167, MACD = 0.070, Highs/Lows = 0.0555). The 1D RSI has still room to rise before reaching the 68.35 - 72.00 peak zone. Since every Higher Low within the Channel Up has extended at least a +4.83% we calculate the next Higher High around 4.4500. Our Target Zone is 4.4000 - 4.4500.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
T-RON
Long term sideways movement. Short near the Resistance.EURRON is on a very long term 1D Rectangle pattern (RSI = 48.105, STOCH = 47.119, Williams = -47.804, CCI = -46.8286, Highs/Lows = 000, all neutral) at 4.6135 - 4.6800, trading sideways since mid-November 2017. You can work withing its Support/ Resistance levels (buy low, sell high) as long as they are not crossed. The next technical TP = 4.6303.