Asset and Time frame -PYPL, Daily
Entry Price -116.21
Exit(Stop Loss) -107.04
Exit(Take Profit) -145.85
Technical Analysis - Price has been down-trending for a while now and started a small consolidation at the bottom, now, the price has breached the 100MA on the 4H chart and the -61.8 level, RSI made a small divergence on the daily chart.
I don't think we'll see a much higher price action moving up, but I think we'll at least retraced back to the -27.2 level,
for those who want a safer entry, I suggest waiting for the 4H candle to close.
Entry Price -116.21
Exit(Stop Loss) -107.04
Exit(Take Profit) -145.85
Technical Analysis - Price has been down-trending for a while now and started a small consolidation at the bottom, now, the price has breached the 100MA on the 4H chart and the -61.8 level, RSI made a small divergence on the daily chart.
I don't think we'll see a much higher price action moving up, but I think we'll at least retraced back to the -27.2 level,
for those who want a safer entry, I suggest waiting for the 4H candle to close.