ETHUSD Daily Short for a trough correction
Updated
Hi
this is a snapshot for my Persian analysis support so we can trace own the price movements
we could clearly see a regular Negative divergence which ultimately leads to a correction and it can reach 50% and 60% of our Fibonacci Retracement
we can see the RSI is passing the oversold area to the center zone
MACD has divergence and it is showing a crossover which is a reversal sign
we have monthly support and resistance areas in confluences with Fib Levels
please consider the position price, SL, TP properly for a safe trade
i will be updating this ideas as it moves on
please comment your ideas for me so we can have more confluences or confliction for a better market analysis and understanding
this is a snapshot for my Persian analysis support so we can trace own the price movements
we could clearly see a regular Negative divergence which ultimately leads to a correction and it can reach 50% and 60% of our Fibonacci Retracement
we can see the RSI is passing the oversold area to the center zone
MACD has divergence and it is showing a crossover which is a reversal sign
we have monthly support and resistance areas in confluences with Fib Levels
please consider the position price, SL, TP properly for a safe trade
i will be updating this ideas as it moves on
please comment your ideas for me so we can have more confluences or confliction for a better market analysis and understanding
Trade closed: stop reached
Trade closed: target reached
the overall divergence was right but the SL was placed very low so it hit and then went for the TP
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