Sell below 112.65. Stop loss at 113.51. Take profit at 110.90.
Reason for the trading strategy (technically):
Price has broken our key support and dropped strongly towards our profit target. We’re still bearish on this move and we need to wait for price to make a retracement towards our sell entry before we take another position. We remain bearish below major resistance at 112.65 (Fibonacci retracement, pullback resistance) for a drop to at least 11.90 support (Fibonacci retracement, horizontal overlap support).
RSI (55) sees strong bearish divergence and is finally below our 50% resistance level signalling a strong change in momentum.
Reason for the trading strategy (technically):
Price has broken our key support and dropped strongly towards our profit target. We’re still bearish on this move and we need to wait for price to make a retracement towards our sell entry before we take another position. We remain bearish below major resistance at 112.65 (Fibonacci retracement, pullback resistance) for a drop to at least 11.90 support (Fibonacci retracement, horizontal overlap support).
RSI (55) sees strong bearish divergence and is finally below our 50% resistance level signalling a strong change in momentum.
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.