Hi guys,
few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade.
Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double bottom, with Rsi divergence, broken to the upside, i think this could be a good spot to long this pair (using the 2618 strategy).
Stops below the lows, target 1 and 2 as in the chart above.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
few days ago i've published a shorting opportunity on this pair. But that doesn't mean we can't change our mind. In this particular case, i've missed the short entry but that was in fact a counter trend trade.
Now price has retraced back right on the previous resistance that was broken and that could turn into support (black box). Since we have a double bottom, with Rsi divergence, broken to the upside, i think this could be a good spot to long this pair (using the 2618 strategy).
Stops below the lows, target 1 and 2 as in the chart above.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Note
Daily Outlook:Trade active
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.