MEI Long
Updated
Prediction
Next resistance at 0.086 then once this resistance breaks next resistance will be at 0.105
Next resistance at 0.086 then once this resistance breaks next resistance will be at 0.105
Note
Stop Loss at 0.064 - just below 50 fib retracement. Target Profit at 0.11.Trade active
Possible signs of a trend reversal being displayed as at 27/11/20.* Bearish Spinning Top Candle on last daily candle (indication of indecision in market)
* Three Bearish Marubozo candles on hourly chart (indication of possible trend reversal)
*Must watch closely on Monday 30/11/20 and may have to activate stop loss if drops to 0.064
Trade active
Glad I did not initiate stop loss on this position. Closed at 0.78 today.Actively watching this position.
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