.

Attachments forums

List attachments in messages posted on this board.


All files on forums: 40375

macd & rsi, Tue Mar 28, 2017 5:33 pm

http://www.investopedia.com/university/charts/charts6.asp

flags.jpg 

Flag pattern is one of the most probability patterns in technical analyses world . 

Based on the above link and figure , we have a bullish flag on the EUR/GBP H4 chart , RSI on 50 center  line , bbsqueeze engine is on , price stands on 50% fibonacci , so it would be a good long position , if we will have a powerful break and two moving averages cross . Target ( as I show on the above figure ) can be set at 0.9 , also it means 161.8% fibonacci , an important level in price moving . 

EURGBPH4.png 
On daily chart we can see two important lines , which I drew them , bbsqueeze engine is on and two moving averages is crossed up , RSI is at good mood , may be we have another resistance on breaking bearish trend line on RSI . 

EURGBPDaily.png 

I follow H1 chart , to have a good entry point , when bbsqueeze engine getting on ,and RSI shows a good energy for bullish trend .

EURGBPH1.png 

have a good days and profitable days !!  [smile]
flags.jpg
EURGBPH4.png
EURGBPDaily.png
EURGBPH1.png
All files in topic