Sell below 1.2378. Stop loss 1.2455. Take profit 1.2233.
Reason for trading strategy:
EURUSD reversed nicely off its resistance at 1.2378 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect it to fall to its support at 1.2233 (61.8% Fibonacci extension, 78.6% Fibonacci retracement). We have also identified another resistance at 1.2455 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance).
Stochastic (55, 5, 3) has reversed off its resistance at 97% where it still has a lot of downside potential.
Reason for trading strategy:
EURUSD reversed nicely off its resistance at 1.2378 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where we expect it to fall to its support at 1.2233 (61.8% Fibonacci extension, 78.6% Fibonacci retracement). We have also identified another resistance at 1.2455 (100% Fibonacci extension, 76.4% Fibonacci retracement, multiple swing high resistance).
Stochastic (55, 5, 3) has reversed off its resistance at 97% where it still has a lot of downside potential.
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.