Euro / Dolar A.S.Singkat
EURUSD Broke Out Of Its Ascending Resistance Line
Sell below 1.2350. Stop loss 1.2391. Take profit 1.2259.
Reason for trading strategy:
EURUSD broke out of its ascending support-turned-resistance line where we look to sell on strength at 1.2350 (23.3% Fibonacci retracement, horizontal overlap resistance). We expect price to fall all the way to its support at 1.2259 (61.8% Fibonacci extension, 78.6% Fibonacci retracement). We have also identified another resistance at 1.2391 (76.4% Fibonacci retracement).
RSI (55) has broken out of its ascending support line and is being held down by a long term descending resistance line. Also, we are starting to see some bearish pressure in the Ichimoku cloud which contributes to our bearish bias.
Reason for trading strategy:
EURUSD broke out of its ascending support-turned-resistance line where we look to sell on strength at 1.2350 (23.3% Fibonacci retracement, horizontal overlap resistance). We expect price to fall all the way to its support at 1.2259 (61.8% Fibonacci extension, 78.6% Fibonacci retracement). We have also identified another resistance at 1.2391 (76.4% Fibonacci retracement).
RSI (55) has broken out of its ascending support line and is being held down by a long term descending resistance line. Also, we are starting to see some bearish pressure in the Ichimoku cloud which contributes to our bearish bias.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.