Buy above 118.22. Stop loss at 117.45. Take profit at 120.23.
Reason for the trading strategy (technically):
Price is approaching support at 118.22 (Fibonacci extension) where we expect to see a bounce from to at least 120.23 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 5.4% level.
Reason for the trading strategy (technically):
Price is approaching support at 118.22 (Fibonacci extension) where we expect to see a bounce from to at least 120.23 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (21,5,3) is seeing strong support above the 5.4% level.
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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.