- Price must not break market structure for sell - Pivot level are matching for sell - Fib retracement from 50% level. TP to -0.268 / sell
- Is in a bearish price channel - Is close to a crucial Pivot point - Has a major zone for a re-entry below stoploss. - Rejection of the 50 and 23 fib level
- With my analyse we see one the one hour chart the bouncing from the s/r. - We also see a bullish divergence that indicate a reversal in the market. - With the price below the 50 ema we can't say for sure that price will go further
After a strong retracement form the first wave, we will hit de support /retest. We watch carefully so see what is going to happen. Hopes the prediction will be true.
- Possibly sell when it will be a strong retest of the res zone 1h 2H (Never know with the corona virus in play)
- If it will retest the support i wil go long till TP 2 1H 2H - we are in an kinda Consolidation on the weekly
- Possibly going long after break retest of the support zone - I need a long wick conformation to buy
- Going long after a possibly retest on the trend line 4h - Going long after a possibly break en retest from the previous support zone from the 1 h and 2h
With a nice bounce on the support level, i entered the trade. Will look if it will do a retest but i think not with the news tomorrow about the cure for the virus in China.