Keltner Channel is looking upward which is typically a good set up for long position.
RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone.
MACD seems to be losing strength but always above the signal line.
Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum.
Stochastic and Bollinger bands seem to confirm previous situation.
We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing.
ENTRY: 107 YELLOW
SL: 100.73 RED
TP: 119.5 GREEN
RSI just bounced back from level 50 and is going to cross the signal line again. Hopefully aiming for the overbought zone.
MACD seems to be losing strength but always above the signal line.
Moreover having a look at EMA we can see that 6EMA crossed up 18EMA which crossed up the 50EMA. It could be a hint bullish momentum.
Stochastic and Bollinger bands seem to confirm previous situation.
We put the entry price above yesterdays closing price just to have some margin because of the premarket price which is at 106.6 at the moment while writing.
ENTRY: 107 YELLOW
SL: 100.73 RED
TP: 119.5 GREEN
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