GJ Sell
M: Downtrend, price broke trendline
W: Uptrend, respecting the lows
D: Uptrend. Hit -61.8 THREE times, creating new resistance level
4H: Was in uptrend. Retraced to 38.2 and hit TP1 at previous resistance. Now trending down, retraced to 61.8.
1H: Downtrend. Price broke and retested trendline @ 61.8 on 1H FIB
CURRENTLY:
Minor structure fib just hit -61.8 and reversed to 1HR trendline.
I am looking for price to break and retest 1HR trendline and continue selling to -27 on 1H fib, Long term TP2 @ -61.8
~150 - 250 pips
W: Uptrend, respecting the lows
D: Uptrend. Hit -61.8 THREE times, creating new resistance level
4H: Was in uptrend. Retraced to 38.2 and hit TP1 at previous resistance. Now trending down, retraced to 61.8.
1H: Downtrend. Price broke and retested trendline @ 61.8 on 1H FIB
CURRENTLY:
Minor structure fib just hit -61.8 and reversed to 1HR trendline.
I am looking for price to break and retest 1HR trendline and continue selling to -27 on 1H fib, Long term TP2 @ -61.8
~150 - 250 pips
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.