Sentences with phrase «signals bullish momentum»
A tail on a bullish pin bar signals bullish momentum whereas a tail on a bearish pin bar signals bearish momentum.
http://www.learntotradethemarket.com/ Not exact matches
Bullish oversold signal (trend reversal) A bullish oversold signal occurs when the RSI falls to an oversold level (30 % or less), and then rises back above it, generating a signal that bullish sentiment may be gaining moBullish oversold signal (trend reversal) A bullish oversold signal occurs when the RSI falls to an oversold level (30 % or less), and then rises back above it, generating a signal that bullish sentiment may be gaining mobullish oversold signal occurs when the RSI falls to an oversold level (30 % or less), and then rises back above it, generating a signal that bullish sentiment may be gaining mobullish sentiment may be gaining momentum.
The pin bar buy signal from February 27th would have been a very obvious trade since it was rejecting and false - breaking down through the event area and price had bullish momentum behind it at that point.
Given the force of the up move into last week's close we could see more bullish momentum in the coming days, traders can consider a long entry this week if the market retraces back down to support near 1.2875 or further below near 1.2750 and forms an obvious 4 hour or daily chart buy signal.
While the move may be interpreted as a bullish signal, the coin needs a daily close above this level to prove that the upside momentum is sustainable.