As the chart has formed a rising wedge in a downtrend, I see the overall sentiment to be bearish. I have set targets for shared my targets for entry, Stoploss and Take profit targets. I have used fibs also support and resistance to choose these. Hope you enjoy.
HI Guys,
Currently not in a position but looking to see what happens on a retest of the .786 fib. Currently the MAs are the wrong way round a retest would flip the back the right way round. 20 above the 50 which is above the 200. I have set take profit and stop losses. Hope this helps. Take care.
TNT has had a pullback to the .786. A reveral at the .786 normally retests the .382. Check out the other reasons for this trade and where the best point to enter and take profit is.
