EJ is at a major support level
D1 analysis has EJ is underneath the bottom 200 Bollinger Band (bands are contracted)
And underneath Hull Moving Average (42)
However H4 & H1 time frames look very promising with price action and price above Hull moving average, with Stoch indicator in great position for uptrend.
Conclusion: EJ is looking more a case of “when” rather than “if” for LONG position. Take caution as D1 chart is still not fully developed. A small lot entry may be a good option for now. 00.1/00.2
Please comment below, we would love to hear your thoughts.
D1 analysis has EJ is underneath the bottom 200 Bollinger Band (bands are contracted)
And underneath Hull Moving Average (42)
However H4 & H1 time frames look very promising with price action and price above Hull moving average, with Stoch indicator in great position for uptrend.
Conclusion: EJ is looking more a case of “when” rather than “if” for LONG position. Take caution as D1 chart is still not fully developed. A small lot entry may be a good option for now. 00.1/00.2
Please comment below, we would love to hear your thoughts.
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