Why should we be bullish: Downtrend channel was already broken last friday, supported by strong indications (Strong MACD and Stochastics) coupled with price action (higher highs and higher lows). If we take a step back at the daily chart, you can even notice that 1.10720 was a retracement from the fibo!
When to enter: Let's wait to show a buy signal from the stochastics or once it retraces to the lower uptrend channel. But the TREND must HOLD as a pre-condition
When to exit: Once it reaches highest resistance at 1.1014. This is consistent with fibo extension which I laid down on the latest swing.
Risk reward ratio: 2.14
When to enter: Let's wait to show a buy signal from the stochastics or once it retraces to the lower uptrend channel. But the TREND must HOLD as a pre-condition
When to exit: Once it reaches highest resistance at 1.1014. This is consistent with fibo extension which I laid down on the latest swing.
Risk reward ratio: 2.14
Not
Bounced exactly at the FiboNot
partially locking in profits
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.