Daily:
- price currently testing daily zone
4H:
- retraced to 0.382 fib level and 4h resistance, wicked showing weakness on previous close. Price also flat line overextended on stoch and at top ma of bollinger band
1H:
- broke uptrend structure with bearish divergence
15 min:
- broke short term support back into prevoius area, retested, had bearish engulfing candle close
Stop loss: 0.0755
- Above resistance and local high / wick
take profit: 0.0411
- at bottom of recent run up giving me a 5:1R
- price currently testing daily zone
4H:
- retraced to 0.382 fib level and 4h resistance, wicked showing weakness on previous close. Price also flat line overextended on stoch and at top ma of bollinger band
1H:
- broke uptrend structure with bearish divergence
15 min:
- broke short term support back into prevoius area, retested, had bearish engulfing candle close
Stop loss: 0.0755
- Above resistance and local high / wick
take profit: 0.0411
- at bottom of recent run up giving me a 5:1R
Note
TP 1 hit @ 0.062- half of position still remains
Trade closed manually
Closed with small profit. Bullish short term on overall market, PEOPLE looks like it may be forming a bull flag. Also broke back above important s/r level
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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.