FGV: Moving Averages Aligned, and at Oscillator Bottom
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Strategy: Moving Averages Formation
Bias: Bullish
As seen in the chart, all three moving averages are aligned in bullish trend. Using the oscillator, price is now at the "oscillator" bottom. The "oscillator" bottom by itself is not a strong indicator, and usually is complemented with other technical analyses, such as moving averages and support/resistance/trend analysis here.
Entry: 1.43
Stop-loss: 1.32
1st Target: 1.71
Gentle reminder: Plan your trade and trade your plan. Peace out!
Strategy: Moving Averages Formation
Bias: Bullish
As seen in the chart, all three moving averages are aligned in bullish trend. Using the oscillator, price is now at the "oscillator" bottom. The "oscillator" bottom by itself is not a strong indicator, and usually is complemented with other technical analyses, such as moving averages and support/resistance/trend analysis here.
Entry: 1.43
Stop-loss: 1.32
1st Target: 1.71
Gentle reminder: Plan your trade and trade your plan. Peace out!
