EURUSD hit the 0.618 Fibonacci retracement level and got rejected.
This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did.
Trading Plan:
1. Sell if today's candle closes in red.
Targets:
1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50 1d).
Tips:
1. The RSI (1d) is already forming a peak reversal pattern just before hitting the 70.00 overbought level. A clear sell signal.
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Notes:
Past trading plan:
This rejection can evolve into a short term bearish reversal, in a symmetric way as the November 29th 2023 did.
Trading Plan:
1. Sell if today's candle closes in red.
Targets:
1. 1.08500 (a little under the 0.382 Fib, as it happened on the December 8th 2023 low, which was contained on the MA50 1d).
Tips:
1. The RSI (1d) is already forming a peak reversal pattern just before hitting the 70.00 overbought level. A clear sell signal.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.