Buy opportunity: LH bounces on MA200 and support zone
Price is bouncing on the 200 Simple Moving Average, and reached previous support zone.
Long term uptrend: MA 100 > MA 200
Stoch RSI is in oversold zone as well.
Price bounced back from MA 200 many times in the past.
Wait for the next bullish candle before open the trade.
Long term uptrend: MA 100 > MA 200
Stoch RSI is in oversold zone as well.
Price bounced back from MA 200 many times in the past.
Wait for the next bullish candle before open the trade.
Note
Here can form a good double bottom pattern as well. But let's wait for the next candle on the daily chart for confirmation before entering into the trade.Note
Still need to wait for a bullish confirmation candle. Today all major indices are going down, so let's see the following days. Otherwise need to invalidate the trading idea.Order cancelled
Price hasn't reached entry level. Idea became invalid.
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If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE!
Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.