As we can see from the chart above there are clear signals of buy opportunities:
- Two Bullish pin bar after four bearish pin bars
- RSI 14 looks almost oversold
My suggestion is waiting for a confirmation bullish candle after the bullish pin bar and then going long.
A wise decision would be to split the trade into two parts:
1st part: setting a target price towards the broken support
2nd part: waiting and see -> if the broken support has become a resistance = go short OR if it breaks above the support = go long
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
- Two Bullish pin bar after four bearish pin bars
- RSI 14 looks almost oversold
My suggestion is waiting for a confirmation bullish candle after the bullish pin bar and then going long.
A wise decision would be to split the trade into two parts:
1st part: setting a target price towards the broken support
2nd part: waiting and see -> if the broken support has become a resistance = go short OR if it breaks above the support = go long
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
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