Don't miss a thing! A few days to a few weeks. With the Stochastic in the oversold area, it means we should go long.
Технический Анализ и Аналитика рынка Форекс
Check out that those sell signals from the Bollinger bands and the Stochastic. At the same time, the Stochastic reached the overbought area, suggesting that the price could drop down soon. Later on, the price made contact with the bottom of the band, which usually serves as a support level.
This means that the pair could bounce up from there. With the Stochastic in the oversold area, it means we should go long. When the RSI reached the overbought area and gave a sell signal, the MACD soon followed with a downward crossover, which is also a sell signal. And, as you can see, the price did move downhill from there. Later on, the RSI dipped to the oversold region and gave a buy signal.
A few hours after, the MACD made an upward crossover, which is also a buy signal. From there, the price made a steady climb. Take a free trading course with IG Academy. Our interactive online courses help you develop the skills of trading from the ground up.
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