close above trendline .. trade active.
close below trendline.... trade active . Target @ fib 1.27
Will check for break of the blue trendline ... targets @FIB 1.27
waiting for close down on the blue trendline... Targets @fib retracement of 61.8%
close below trendline .. trade active..
waiting for close below trendline....
waiting for close below trendline ..
will check for entry on close above the trendline...
Strong previous uptrend , possibility for a strong reversal formation due to strong monthly resistance (Red zone) and support (green zone). Also, RSI is Overbought .
Triangle Pattern formation. Confluence by Bullish Slow Stochastic & RSI. Entry @'1.47069 Stop @ 1.46799 Take Profit @ 1.47608 R/R Ratio @ 2