Entered on 3rd test of trend line after MACD looked to reverse as it did several times previous to it. Holding long for now until a swing back down.
Note
Looking good so far. Might have a small pull back due to strong resistance on the 61.8 fib line. If it holds the trend line it will remain a good buy.
Trade closed manually
I have reversed my trade so now I am short. Daily RSI is at the same levels that it has reversed significantly in a downward manner. MACD also shows signs of slowing but with a small upside potential barring any big economic news. My SL is set just above the 100% fib mark with an open ended limit.
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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.