as you can see there is a bearish divergence with MACD which is the sign of trend reversal and the price has started its retracement to Fibonacci golden Zone
there are total of 3 TPs where 2TPs are the 50% and 61.8% of the Fibonacci retracements and the 3TP is for the upcoming impulsive wave and it has confluences with Fibonacci expansion -27%
there are total of 3 TPs where 2TPs are the 50% and 61.8% of the Fibonacci retracements and the 3TP is for the upcoming impulsive wave and it has confluences with Fibonacci expansion -27%
Trade closed: target reached
Comment:
both the retracement Targets Achieved
Trade active:
Starting to Reaccumulate for Longing it to go for the 3 TP
Trade closed manually:
market has reversed and we will not open the long position for the 3 TP
