112 is target 1.
This strategy uses 20EMA and fib. retrace drawn 'inverse' or backwards. From high of candle that broke the 20EMA to the most recent lowest point. Buy area is b/t .236 and .618 retrace. Targets are 1.618, 2.618, etc...
Trade closed: target reached
Target was reached. It's now deep in overbought territory. There is a good chance that the next 24 hours will be bearish. good chance to get short & catch a move to the downsideTrade closed: target reached
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.
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.