Once price chart retraces, take entry at 0.38 Fib level. Keeping S/L at previous HL and T/P at 1% Risk/Reward.
Note
Keep it in mind that RSI indicator was showing its value above 70 ; however, once it drops below 70 then Both Price Trend Line and RSI trend lines are in same direction which are giving me impression that, after expected Price chart re-trace to Fib .38, it will bounce back to continue its overall Bullish trend.
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.
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.