Price spiked up to the 78.6 fib level. Overall, I see a sell to the -.27 D extension at 1.75354.
The directional bias is bearish. I have open buy positions during the up retracement to the 61.8 level, taking profit at 1.97332.
After TP, I will be looking to sell.
The directional bias is bearish. I have open buy positions during the up retracement to the 61.8 level, taking profit at 1.97332.
After TP, I will be looking to sell.
Note
Taking partial profit to the 38.2% fib level. Trailing SL and counter trend line. If price breaks countertrend line, I will close out remaining position.
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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.