ABG - a high probability trade setup busy unfolding
A conflux of technical indicators supporting a bullish bias.
The blue line on the main chart is the lower two standard deviation range. Increasing probability for mean reversion.
Breaking its 8-day simple moving average. First signal in the last 21 days.
Breaking its 21-day simple moving average. First signal in the last 19 days.
MACD bullish crossover. First signal in the last 36 days.
Heikin-Ashi bullish trend.
Breaking up through its linear trend. First signal in the last 21 days.
Retracting from RSI oversold territory, which highlighted an overextended price action to the downside.
Stronger USDZAR might assist the price action.
Time to exit: +/- 4 September 2019
The blue line on the main chart is the lower two standard deviation range. Increasing probability for mean reversion.
Breaking its 8-day simple moving average. First signal in the last 21 days.
Breaking its 21-day simple moving average. First signal in the last 19 days.
MACD bullish crossover. First signal in the last 36 days.
Heikin-Ashi bullish trend.
Breaking up through its linear trend. First signal in the last 21 days.
Retracting from RSI oversold territory, which highlighted an overextended price action to the downside.
Stronger USDZAR might assist the price action.
Time to exit: +/- 4 September 2019
Trade closed: stop reached