Good support here & Ichimoku seems to confirm...
Updated
- $630 was strong support which turned into strong resistance
- retraced almost to 78.6 fib, which if also 4h ichimoku cloud upper line which may act as support
- 4h ichimoku looks good (tk above kj, price & chikou above the cloud...)
- good zone to open a long with a tight stop loss
- retraced almost to 78.6 fib, which if also 4h ichimoku cloud upper line which may act as support
- 4h ichimoku looks good (tk above kj, price & chikou above the cloud...)
- good zone to open a long with a tight stop loss
Trade active
So far so good +2%. New candle will be important to confirm trend.Comment
Price tested the bottom of the buy zone twice. Seems acting as a support.Let's see if long trend resumes.
Comment
$600 acting as first resistance. This is the first level to break.Strong bear-bull fight in the current $590-$630 range.
Comment
Profit is currently >5% is you bought the middle of the proposed buy zone.Now be careful, we'll probably have to secure profits.
Trade closed manually
Took profit on the first red candle to secure profit!
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