Traders,
This pair developed another STOCH-RSI trend continuation opportunity.
The price came back down to the previous highs and developed a inverted hammer candle followed by an strong bullish candle.
This tells me that the price is likely to continue to the upside. (trade is similar to my previous idea on GBPAUD, see related ideas)
Reason for entry:
-Stoch oversold
-RSI(12) below 40
-Candlestick signal at 50% retracement
- Also hit a sideways support
Best of luck!
This pair developed another STOCH-RSI trend continuation opportunity.
The price came back down to the previous highs and developed a inverted hammer candle followed by an strong bullish candle.
This tells me that the price is likely to continue to the upside. (trade is similar to my previous idea on GBPAUD, see related ideas)
Reason for entry:
-Stoch oversold
-RSI(12) below 40
-Candlestick signal at 50% retracement
- Also hit a sideways support
Best of luck!
