TECHNICAL ANALYSIS: FIBONACCI CONFLUENCE LEVEL TRADING STRATEGY
ENTRY LEVEL: 9100
TAKE PROFIT: 12850
STOP LOSS: 8500
ENTRY LEVEL: 9100
TAKE PROFIT: 12850
STOP LOSS: 8500
Note
Healthy Bullish Trend-Nest Resistance Level @ 10000
-Conservative Trader can Take Profit once RSI touches 30 level
Trade closed manually
SIGN OF TREND REVERSAL & SIDEWAY PATTERN BASED ON THESE TECHNICAL ANALYSIS:-1) POTENTIAL STRONG PHYSIOLOGICAL PRICE RESISTANCE ZONE 9650~9800
2) WEAKENING ELDER'S FORCE INDICATOR SHOWS LOW UPTREND MOMENTUM
3) RSI INDICATOR SHOWS WEAK UPTREND PATTERN ABOVE 50 LEVEL
TRADERS ARE ADVISED TO TAKE PROFIT @9690 FROM ENTRY LEVEL OF 9100.
PROFIT: +590
THIS TRADE IS CLOSED. THANKS.
Note
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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.