There is a big support line, that I would rather to enter the trade in hourly chart and keep it for couple of days.
There is 5 days in a row market with red candle, never close above yesterday since June 16.
Stochastic doesn't show buy signal yet.
SMI is in downtrend.
But momentum in downtrend is dropping.
So we are closing to execution zone., or even in Execution zone.
Considering another support line ( 14.47 )
Still there is a good RRR.
There is 5 days in a row market with red candle, never close above yesterday since June 16.
Stochastic doesn't show buy signal yet.
SMI is in downtrend.
But momentum in downtrend is dropping.
So we are closing to execution zone., or even in Execution zone.
Considering another support line ( 14.47 )
Still there is a good RRR.