Next ideal entry after retracement to 0.91 if you didn't get on the downtrend early. Reasoning:
- bounced off at the top of the long term downtrend line
- after a short & quick movement down, some retracement can be expected, ideally to the resistance areas around 0.91 and 0.5 fib retracement
- first target around the 0.87 resistance
- bounced off at the top of the long term downtrend line
- after a short & quick movement down, some retracement can be expected, ideally to the resistance areas around 0.91 and 0.5 fib retracement
- first target around the 0.87 resistance
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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.