Sell below 0.7319. Stop loss at 0.7344. Take profit at 0.7224.
Reason for the trading strategy (technically):
Price touched our entry level and shot up absolutely perfectly to our profit target. We prepare to sell below major resistance at 0.7319 (Fibonacci retracement, horizontal resistance, Fibonacci extension) for a push down to 0.7224 support (Fibonacci extension, fibonacci retracement, horizontal swing low support) once again.
Stochastic (34,3,1) is seeing major resistance below 91% where we expect a reaction from.
Reason for the trading strategy (technically):
Price touched our entry level and shot up absolutely perfectly to our profit target. We prepare to sell below major resistance at 0.7319 (Fibonacci retracement, horizontal resistance, Fibonacci extension) for a push down to 0.7224 support (Fibonacci extension, fibonacci retracement, horizontal swing low support) once again.
Stochastic (34,3,1) is seeing major resistance below 91% where we expect a reaction from.
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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.
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.