Red tone hit entry price at 0.395.. will tomorrow market sentiment is good enough to assist in pushing it up to our target price..?
Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD - If Bullish Crossover will indicate further bullish
4) RSI - .If breaks above 50% will indicate more bullish
5) STO - Bullish Crossover and broke above 50%(Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
Conclusion:Bullish -
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.425
RRR (Risk to Reward Ratio) = 1.5 (Average)
Bullish -
E ( Entry) :0.395 ( Closed at or above it)
S ( Stop Loss) : 0.375
P ( Profit) :0.435
RRR (Risk to Reward Ratio) = 2 (Average)
Resistance 1.11/ 1.15 / 1.16/ 1.2 / 1.23 / 1.25
Support 1.06 / 1.02 / 0.995 / 0.97 / 0.93
djibaok
your resistance and support price is OFF THE CHARTS, man!
2012-11-08 21:11