Hey Buddys,
were looking at a nice uptrend although we reaching a nice confluence area at the moment.
Reasons to Short dat one...
- A=A
B=B?
- Fibonacci Extension 1.618 of last bearish move at current level (Which came to 0.618 Retracement)
- RSI Overbought
- Looking for a retracment of again 0.618
Targets depend on the time we need to push that down.
Maybe just 0.5 Fib is possible because the move took to long.
Lets see what happens :) TP OR SL!
For any questions feel free to ask!
were looking at a nice uptrend although we reaching a nice confluence area at the moment.
Reasons to Short dat one...
- A=A
B=B?
- Fibonacci Extension 1.618 of last bearish move at current level (Which came to 0.618 Retracement)
- RSI Overbought
- Looking for a retracment of again 0.618
Targets depend on the time we need to push that down.
Maybe just 0.5 Fib is possible because the move took to long.
Lets see what happens :) TP OR SL!
For any questions feel free to ask!
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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.