If we have a look at the chart we can see that there is a break out in the RSI under the 30 mark. This can be an indicator that it will do a price reversal.
Also when we have a look at the chart and at the MACD we can see that there is a lower low on the chart but the MACD does not give us a lower low. This can also be an indicator for price reversal.
Let me know in the comments what you think about this.
Also when we have a look at the chart and at the MACD we can see that there is a lower low on the chart but the MACD does not give us a lower low. This can also be an indicator for price reversal.
Let me know in the comments what you think about this.
Trade active:
When we now have a look at the Heikin Ashi we see that there is a first green candle that is forming. This is a good confirmation of the long.
Trade closed manually:
Closed the trade for now but will be keeping an eye out for a re entry.