Buy opportunity: QSR oversold and bouncing on the 0.786 Fib lvl
QSR got oversold on the RSI, MACD and Stochastic RSI. Currently bounced back from the 0.786 Fibonacci level on the daily chart.Entry strategy: wait for the next bullish candle which crosses the 57.10 level.
Trade active
Trade is active. Price crossed the entry level.Note
Can move stop loss to entry level, if someone wants to minimize risk.Trade closed: target reached
Price reached the profit target level. It was a great trade.Note
Profit: 6.9%
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If you think this analysis is useful and you want to receive new updates about this idea, leave your comment or your LIKE!
Thank you for your support and may the markets be with you!
Thank you for your support and may the markets be with you!
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.