There is a pending buy signal for gpbchf .First all i want to look at it from daily timeframe
The stochastic is in oversold region as shown by the arrow. The price is above ichimoku cloud which means that the market is uptrend.Then, switch to 4 hour timeframe to take the buy trade
From the screeenshot above, we can see that ma cloud is below the central tma line and the green line of adx indicator has crossed the red indicating that the buyers are dominating the market .Then wait for the supertrend profit indicator to place a buy label .Buy at that level and put your stoploss at the most recent swing low Use 1:3 risk reward ratio for your profit target.
No comments:
Post a Comment