Quick Deal 🎯✅🤫🧙♀️
1. MACD Indicator: MACD and Signal are close to zero, which is a sign of weak momentum or a volatility situation. In this case, it is better to wait for a clear break up or down to confirm the trend.
2. StochRSI Indicator: It appears in a low area (26.52), indicating that the pair may be in an oversold condition, which may lead to an imminent bullish bounce.
3. Japanese Candlesticks: The price is trading near the lower bound of the Bollinger Bands indicator, indicating that the price may reverse upwards soon.
Suggested Entry and Exit Points:
• Entry point: Buy at around 151.00 if the bounce up from this level is confirmed with the start of green candles.
• Take Profit: The target can be set at 153.50 - 155.00 based on the expected resistance.
• Stop Loss: Stop loss can be placed below a nearby low, such as 149.50 to avoid losses if the price breaks down.
This trade is based on the price bouncing off the current support level, and the market should be closely monitored to confirm the signals before entering the trade.
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