A nice pin bar developed after the recent move up.
With a break of both 1.26421hourly support zone and the 20ma enter short, with a stop above daily resistance zone at 1.26641.
First target at the .385 fib retracement taken from the most recent move up, once this target is reached move stop to B/E,
Also, I do not usually use RSI, but I did notice some divergence.
With a break of both 1.26421hourly support zone and the 20ma enter short, with a stop above daily resistance zone at 1.26641.
First target at the .385 fib retracement taken from the most recent move up, once this target is reached move stop to B/E,
Also, I do not usually use RSI, but I did notice some divergence.
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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.