Simple Structure/Fib Trend Following - Quick Analysis
Hey Guys,
we got a simple Structure based Trade with Fibonacci levels and RSI being overbought.
Nice confluence with Structure looking to the left. Consolidation Rectangle.
BUT we did fail to make lower Lows. We gotta see that in near future to confirm the ongoing of the BearTrend :)
Feel free to ask questions!
We have 2 Zones to enter.
- The one we are right now, at around 0.7840
- The one at 0.7890
Looking for Targets at the Lows and the extension of the last bullish move.
Trading gotta be fun :)
we got a simple Structure based Trade with Fibonacci levels and RSI being overbought.
Nice confluence with Structure looking to the left. Consolidation Rectangle.
BUT we did fail to make lower Lows. We gotta see that in near future to confirm the ongoing of the BearTrend :)
Feel free to ask questions!
We have 2 Zones to enter.
- The one we are right now, at around 0.7840
- The one at 0.7890
Looking for Targets at the Lows and the extension of the last bullish move.
Trading gotta be fun :)