Sell below 110.29. Stop loss at 111.29. Take profit at 108.54.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We are now seeing a bounce and price approaching major resistance at 110.29 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur from this level to push price down to at least 108.54 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees multiple reactions off 63% where we expect a corresponding reaction from once price rises to our selling area.
Reason for the trading strategy (technically):
Price has dropped perfectly and reached our profit target. We are now seeing a bounce and price approaching major resistance at 110.29 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) and a strong reaction could occur from this level to push price down to at least 108.54 support (Fibonacci extension, horizontal swing low support).
RSI (34) sees multiple reactions off 63% where we expect a corresponding reaction from once price rises to our selling area.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。