GWR.US - 13.03.2017g
Time Frame: D1
Long-term uptrend movement. The price bounced from the lower diagonal, forming doji bar candle followed by bullish bar, which allows us to enter long.
Price action: Doji on a major trend diagonal supoprt - buy signal
Technical indicators:
SMA50 / 200 - indicates positive sentiment (50 over 200).
CCI 50 - in oversold area and turned up bringing the level -100 - signal for possible increase
RSI 14 - crosses above 30 upwards with a tendency to pass 50 - probably increase.
SL: 68.00
Alternative scenario: if the price break through the major diagonal and remain below it then we can expect a deeper correction and cancellation of the positive formation.
Jr_Trader_Ivan_Ivanov
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