RWE - An observation on price action

٦ يناير ٢٠٢٣

RWE

With using HeikinAshi candles and daily TF on RWE, ma shows it starts a downward movement. But rsi broke the 30 line which is very rare case.
Normally rsi does a single reverse from the 30 line but there are some dates to consider. For example feb-mar 2021 which rsi and price action continued to drop.

Summary: Wait for few days to observe the price action and rsi . At this time moving at both direction is possible.

١٠ يناير ٢٠٢٣

تم فتح الصفقة

Although the index does not have a strong upward movement, I long it.
The fed chair talk is at 15:00 and the DAX does not show a upward movement.

١١ يناير ٢٠٢٣

أغلقت الصفقة: تم الوصول للهدف

target on long 3x reached! 5.5% profit.