Mark up at 1:30PM US Eastern Time ( Sunday )
Market currently not moving
Identified as Downtrend
Using Trendline on bottom side of price to depict downtrend
Resistance at 0.63000
Support at 0.61323
Price at 0.61869
Key Levels Identified in Blue Rectangles
Consolidation on tail right of chart identified in Red Rectangle
- looking for price to breakout towards bottom right on rectangle to confirm downtrend
Fibonacci Applied
- may see some retracement where middle key level has been identified, also hovering over the fibonacci
Price currently on a downtrend, but can break out to the upside before continuing to downside
Stop loss at (0.62128)
Tp1 at extension 0.27 (0.61719)
Tp2 at extension -0.618 (0.61526)
* 3:1 Risk/Reward RatioTrade
Full Take Profit (0.61115)
75/25 (0.61115/0.62128)
Market currently not moving
Identified as Downtrend
Using Trendline on bottom side of price to depict downtrend
Resistance at 0.63000
Support at 0.61323
Price at 0.61869
Key Levels Identified in Blue Rectangles
Consolidation on tail right of chart identified in Red Rectangle
- looking for price to breakout towards bottom right on rectangle to confirm downtrend
Fibonacci Applied
- may see some retracement where middle key level has been identified, also hovering over the fibonacci
Price currently on a downtrend, but can break out to the upside before continuing to downside
Stop loss at (0.62128)
Tp1 at extension 0.27 (0.61719)
Tp2 at extension -0.618 (0.61526)
* 3:1 Risk/Reward RatioTrade
Full Take Profit (0.61115)
75/25 (0.61115/0.62128)
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.