Hi Traders,
A quick look at this chart shows an upward trend:
1. RSI is pointing up
2. Resistance at the support level and a reversal
3. An upward trend to 0.618 Fib is quite possible
T/P at 78.80 (0.618 Fib)
S/L at 75.50 just below the support level incase of fake breakout or pullback
R:R at 2.44
Expect some retracement period and if it all goes well, there's some good profit to earn.
Please don't trade more than 2% of your capital
Any comments or ideas, feel free to share.
Cheers!
A quick look at this chart shows an upward trend:
1. RSI is pointing up
2. Resistance at the support level and a reversal
3. An upward trend to 0.618 Fib is quite possible
T/P at 78.80 (0.618 Fib)
S/L at 75.50 just below the support level incase of fake breakout or pullback
R:R at 2.44
Expect some retracement period and if it all goes well, there's some good profit to earn.
Please don't trade more than 2% of your capital
Any comments or ideas, feel free to share.
Cheers!
Comment:
Just passed the retracement period.
0.618 Fib is very possible
0.618 Fib is very possible
Waiting for the upward trend