We face some resistance from the 0.382 fib at $11500, so could bounce around here a bit before moving further to the upside. Alternatively, a break of $10800 could signal a continuation of the move downwards. Happy trading - and please leave a like :)
See the circled areas. Updated from my previous 30 minute chart. -Trouble at resistance -MACD histogram starting to show bearish divergence, MACD blue line curling down. -RSI beginning to possibly form a descending triangle -Chart forming an ascending wedge (bearish reversal) I circled the areas in question. ROOKIE trader; Follow at your own risk! -Solid...
See the above picture for Macro Analysis Trade Setup: -Trading to the spike base -Double bottom pattern Trade management: -Will only be entering 1 trade with 1 TP -Buy Limit placed @ 100.00 -Stop Loss @ 99.56 -Target Profit @ 101.065 A small note: I may be entering this trade a little early (reason for entering early is due to a more favourable R:R) Once the...
entry : 1336.6 sl : 1330 tp : 1350
Since the price was not able to breakup above 3300, a new downtrend, which proposes to buy back somewhere between 2678 and 2768, is in play on the 4h. Therefore, shorting it here or (even better) upon another failed breakup seems the most reasonable option for now. Back to bullmode only if 3300 gives in...