Timeframe: H4
Trend: Continuation of the short term downtrend
Support/Resistance: Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level)
TSRI MACD: Crossover to signal selling opportunity
SL: 40 pips above resistance
TP: 110 pips at 61.8% Fibonacci retracement level
Trend: Continuation of the short term downtrend
Support/Resistance: Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level)
TSRI MACD: Crossover to signal selling opportunity
SL: 40 pips above resistance
TP: 110 pips at 61.8% Fibonacci retracement level
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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 my mailing list jindaotai.com/joinme
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.