Technical Analysis, Sunday, 5 March 2023

1. On weekly chart, there’s a bullish engulfing candle appears after 4 weeks of retracement. That shows price creating a support at RBS area near 1800 and ready to continue rally.


2. On daily chart (last friday), daily candle closed as bullish candle after doji candle and above 1850 resistance indicating a bullish trend is coming. MACD also had cross above the signal line showing a confirmation for uptrend.


3. With multiple bullish signal appears this week, traders may look for buy at 1835 and below.


#TradeAtYourOwnRisk #TAYOR #week10


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