We use the previous resistance as support/hold the range between: 80.19$ – 78.30$
If we go lower as 75.96$ and closing the monthly candle below its more likely that we are going more downwards and testing 60.25$ and this needs to be hold for our longterm uptrend. Anyway we are trying to buy between 80.19$ – 78.30$ with an stop loss little bit below 75.96$. First take profit 89$ and second take profit: 94.89$.
What are you thinking about our trading idea? Your thoughts are always appreicate here.
If we go lower as 75.96$ and closing the monthly candle below its more likely that we are going more downwards and testing 60.25$ and this needs to be hold for our longterm uptrend. Anyway we are trying to buy between 80.19$ – 78.30$ with an stop loss little bit below 75.96$. First take profit 89$ and second take profit: 94.89$.
What are you thinking about our trading idea? Your thoughts are always appreicate here.
We rejected two months ago pretty nice at 1.618 Fibonacci Retracement: 94.93$.
Our buy range is an 0.618 Fibonacci Retracement level: 79.18$ (80.19$ – 78.30$)