The trend is upward since November and has been corrected in January already. After the little attempt yesterday and the renewed rise today I assume that we can continue to rise.
We are still within a Fibonacci based support/resistance zone. Its bottom is the October low and the top the present January high. May be it will take some time to get decisively above this zone. But if we maintain the momentum it may go up then quickly.
We are still within a Fibonacci based support/resistance zone. Its bottom is the October low and the top the present January high. May be it will take some time to get decisively above this zone. But if we maintain the momentum it may go up then quickly.
Trade closed: stop reached
Turned the position into a short one now.Trade active
Short.Trade closed: target reached
So the deal became profitable finally.
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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.