Alam retrace to 0.715 after forming at shooting star at the peak at 0.75 .. After forming 2 days of matching low it ended up with a bullish harami cross.. What is Harami Cross??
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Indicators
1) Trendline - Broke above the Uptrendline (Bullish)2) Support/Resistance - Formed higher high (Bullish)3) MACD -Waiting for 4R1G and both line are meeting each other.4) RSI - Rebound from 70% and inclining (Bullish)
5) STO - Hovering around 80%. If rebound above it will be bullish
6) Ichimoku - a) Above support cloud (Bullish). b) Conversion line above the base line (Bullish). c) Price above the baseline ( Bullish)7) Candlestick - Harami Cross after matching low
( Bullish).
Conclusion:Bullish -
E ( Entry) :0.74 ( Closed at or above it)
S ( Stop Loss) : 0.715
P ( Profit) :0.77
RRR (Risk to Reward Ratio) = 0.83 (RISKY)
Resistance at 0.715 / 0.735 / 0.78 / 0.79 / 0.815
Support at 0.695 / 0.67 / 0.645 / 0.59