Over sold daily and weekly RSI state.
Major resistance level of 6.5 reached multiple times without breacking.
Big red candle and the next day a shooting star candlestick (not sure about this one but it looks like).
Currently hooked on the 6.0 major support level.
It could go up but I doubt, the seller pressure is truely visible and the resistance at 6.5 was pretty strong.
My safe TP target is 5.680 (-5,80%) which is the next major support level.
Major resistance level of 6.5 reached multiple times without breacking.
Big red candle and the next day a shooting star candlestick (not sure about this one but it looks like).
Currently hooked on the 6.0 major support level.
It could go up but I doubt, the seller pressure is truely visible and the resistance at 6.5 was pretty strong.
My safe TP target is 5.680 (-5,80%) which is the next major support level.
Trade closed: target reached
Time to sell the position!Result: 3,50% x 3,3 (leverage) = 11,55% !
Increased initial TP to 5.80 instead of 5.680
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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.