Multiple Indicators, S/R, and Sentiment for EURUSD Long position
EURUSD has been consolidating the past few days. I believe it will continue to push upward for 3 reasons:
1. Support has been found at the ~1.13500 level on the 4H and Daily time frames.
2. iTrend has given reliable bullish signals since mid-February.
3. Trading View's built-in sentiment analysis is heavily bullish on the 4H and lower. This affects trader psychology greatly and I think it is a nice form of minor confirmation.
I rely on the iTrend on high timeframes to determine overall direction.
I then use the Laguerre RSI & Fisher Stochastic Center of Gravity for successful entry points.
I'm hoping to enter around 1.1379 (red dotted line) and ride out ~70 pips profit.
1. Support has been found at the ~1.13500 level on the 4H and Daily time frames.
2. iTrend has given reliable bullish signals since mid-February.
3. Trading View's built-in sentiment analysis is heavily bullish on the 4H and lower. This affects trader psychology greatly and I think it is a nice form of minor confirmation.
I rely on the iTrend on high timeframes to determine overall direction.
I then use the Laguerre RSI & Fisher Stochastic Center of Gravity for successful entry points.
I'm hoping to enter around 1.1379 (red dotted line) and ride out ~70 pips profit.
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