We face some resistance from the 0.382 fib at $11500, so could bounce around here a bit before moving further to the upside. Alternatively, a break of $10800 could signal a continuation of the move downwards. Happy trading - and please leave a like :)
See the circled areas. Updated from my previous 30 minute chart. -Trouble at resistance -MACD histogram starting to show bearish divergence, MACD blue line curling down. -RSI beginning to possibly form a descending triangle -Chart forming an ascending wedge (bearish reversal) I circled the areas in question. ROOKIE trader; Follow at your own risk! -Solid...
See the above picture for Macro Analysis Trade Setup: -Trading to the spike base -Double bottom pattern Trade management: -Will only be entering 1 trade with 1 TP -Buy Limit placed @ 100.00 -Stop Loss @ 99.56 -Target Profit @ 101.065 A small note: I may be entering this trade a little early (reason for entering early is due to a more favourable R:R) Once the...
entry : 1336.6 sl : 1330 tp : 1350