Now that we have a confirmed down trend, we should be looking for sell positions.
Stochastics in an Oversold position suggesting we shouldn't put in any orders at the moment.
Waiting for a retracement using fibonacci we should be able to find an entry point.
Pivot Point @ 1.9663, pay close to attention to this key level, if prices stay below we are going to be in a down trend continuation.
Short entry points:
1.9621
1.9594
Recommend using an oscillator to find these key levels along with Fibonnaci.
Happy Hunting.
Stochastics in an Oversold position suggesting we shouldn't put in any orders at the moment.
Waiting for a retracement using fibonacci we should be able to find an entry point.
Pivot Point @ 1.9663, pay close to attention to this key level, if prices stay below we are going to be in a down trend continuation.
Short entry points:
1.9621
1.9594
Recommend using an oscillator to find these key levels along with Fibonnaci.
Happy Hunting.
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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.