In the 4hr TF:
1) Price touches kijun sen. Will the candle close above kijun sen???
2) %K crosses %D from below.
3) The angles of %K and %D are at 45 degrees.
4) Current Stochastic value = 60
5) Kumo has two flat resistance lines.
In the daily TF:
1) Stochastic is at oversold.
The long term trend is bearish. Therefore, this is a short term long trade. Do not trade this pair if uncomfortable. However, the risk to reward ratio is decent and is worth a try.
TP 1 = 3.6680
TP 2 = 3.6730
TP 3 = 3.6730
SL = 3.6190
1) Price touches kijun sen. Will the candle close above kijun sen???
2) %K crosses %D from below.
3) The angles of %K and %D are at 45 degrees.
4) Current Stochastic value = 60
5) Kumo has two flat resistance lines.
In the daily TF:
1) Stochastic is at oversold.
The long term trend is bearish. Therefore, this is a short term long trade. Do not trade this pair if uncomfortable. However, the risk to reward ratio is decent and is worth a try.
TP 1 = 3.6680
TP 2 = 3.6730
TP 3 = 3.6730
SL = 3.6190
Trade closed: target reached
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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.