Sell below 1.2582. Stop loss at 1.2702. Take profit at 1.2407.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell once we reach major resistance at 1.2582 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) where a strong reaction should push price down to at least 1.2407 support (Fibonacci retracement, horizontal overlap support).
RSI (34) is seeing major resistance at 61% and a strong corresponding reaction could occur from this level soon.
Reason for the trading strategy (technically):
Price has shot up and reached our profit target perfectly. We prepare to sell once we reach major resistance at 1.2582 (Fibonacci retracement, horizontal swing high resistance, Fibonacci extension) where a strong reaction should push price down to at least 1.2407 support (Fibonacci retracement, horizontal overlap support).
RSI (34) is seeing major resistance at 61% and a strong corresponding reaction could occur from this level soon.
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.