Hello
This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.
Goodluck
This is mostly a positional trade. The entry point is looking juicy and allows for a short-stop-loss and therefore less downside potential. We can see that the DMI rejected the bearish crossing. The MACD is pointing upwards and the RSI is still in a bullish-zone. We have seen 3 days of consolidation within a tight channel. The first major resistance with the number 38.2 Fibbo. Is a standard retrace move from the last high. The blue -zone on the chart is the entry-zone.
Goodluck
Trade active
Note
By the fibbo retrace of last high I mean, the high on 28-02-18Note
Hit and break of first resistanceNote
Note
Note
We broke upNote
TP1 done. 
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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.