Long nikkie 225, tp at 22300 RR ratio of 1:1
Updated
Overall bullish because:
1. Fib retrace at 61.8% and retested twice
2. MACD line cross above signal line
3. Last three bars are higher high
Expecting bar will break the downtrend line and come back to retest the trend line and finally take off for target line.
Set up a buy limit order at 21742, tp at 22390, sl at 21210, RR of 1:1.
1. Fib retrace at 61.8% and retested twice
2. MACD line cross above signal line
3. Last three bars are higher high
Expecting bar will break the downtrend line and come back to retest the trend line and finally take off for target line.
Set up a buy limit order at 21742, tp at 22390, sl at 21210, RR of 1:1.
Trade active
approaching the right directionNote
as predicted, fiddling with the near term trendlineNote
well respect to the major trendlineNote
trading in the right direction
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.