I am trading with the confluence of the following reasons:
Crossover of MacD on weekly candle is about to cross to the positive side. Major Golden Cross (macd)
Lower Low on RSI Higher High Price on Daily Time Frame
Multi Year Resistance has been tested
Fibonacci extension 1.618 target area
Bearish fib extension targets.
not trading advice. these are my personal notes.
Share your thoughts below on what you think algo is going to do! Hitting some key fib areas with a trend reversal on the macd histogram. Going to keep an eye on ALGO
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It is possible with time we rise to the 1.0 Fib Ext. Level.
Trade with confidence. Trade with conviction. Stay safe out there everyone !
Let me know what you think!
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