The following Take profit positions have been generated using the June 10th absolute high, mid level high and low level high, Based on the current fractal analysis, the trend has looked to reverse to bullish in the short. RSI also indicates a trend to the Overbought region above as it is above 0.5. Take profits if looking short. If looking long, take this with a pinch of salt.
First Take Profit Position - 6.53 range
Second TP position range - 6.7 range
Third range, in case bull continues - 6.9 range
First Take Profit Position - 6.53 range
Second TP position range - 6.7 range
Third range, in case bull continues - 6.9 range
Comment:
The concept used was not Fractals!! it was Parabolic SAR, Sorry for the error!!
Comment:
Candle stick hit first Take Profit range of 6.53!!
Comment:
Candle stick hit the 6.7 range!!
Comment:
Candle stick has hit 6.9 Range and moving higher!!! Thank you all for those who took profits today!! It was great!!