- Fibonacci retracement shows a clear respect of the 50% retracement level and means a possible short to the 38.20% level.
- RSI shows that price is overbought (above 70.)
- A bearish evening star candle formation supports the possibility of a sell
A safe move would be SL at 79.000 above the 61.80% resistance and TP at 0.77400. Simple analysis but with many confluences.
-Good luck
- RSI shows that price is overbought (above 70.)
- A bearish evening star candle formation supports the possibility of a sell
A safe move would be SL at 79.000 above the 61.80% resistance and TP at 0.77400. Simple analysis but with many confluences.
-Good luck
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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.