Time To Go Long! Confluence-based analysis.
Price hit a major support level, where price had bounced off of many times back in August.
Bullish hammer candle in H1 has formed at that support level, showing strong buying pressure.
M15 shows a 3-bar reversal candle pattern at that support level.
Bollinger bands have been broken + RSI level has been passed.
I predict price will spike up very soon from here. I'm going long. Let's go!
Bullish hammer candle in H1 has formed at that support level, showing strong buying pressure.
M15 shows a 3-bar reversal candle pattern at that support level.
Bollinger bands have been broken + RSI level has been passed.
I predict price will spike up very soon from here. I'm going long. Let's go!
Trade closed: stop reached:
Damn. Price hit SL