Technical - H4 and Daily charts time frame
Key Indicators:
- RSI is reaching the oversold zone.
- Stochastics are in the oversold territory.
- Bollinger Bands are indicating a reversal.
- EMA 55 suggests that the market has reached its peak.
Chart Pattern: XABCD
The indicators are signaling oversold conditions and a potential 'Long' entry.
Take Profit: The price could possibly bounce back up to the recent low (Point B).
PS: This is my personal trading strategy and backtesting results. Please adjust accordingly.
Key Indicators:
- RSI is reaching the oversold zone.
- Stochastics are in the oversold territory.
- Bollinger Bands are indicating a reversal.
- EMA 55 suggests that the market has reached its peak.
Chart Pattern: XABCD
The indicators are signaling oversold conditions and a potential 'Long' entry.
Take Profit: The price could possibly bounce back up to the recent low (Point B).
PS: This is my personal trading strategy and backtesting results. Please adjust accordingly.