Lower-timeframe, might signal contrary to bigger reversal than the 'continuation' uptrend.
2-Hour chart signals a soon possible downward reversal. Contrary to posted idea
I set a Fibonacci within a major Fibonacci retracement and found this "u-turn". Assuming Market Baseline (Yellow) will continue to show an uptrend.
Even though, this may be the last chance for the price to move down as shown in snapshot image, if it becomes a reversal.
2-Hour chart signals a soon possible downward reversal. Contrary to posted idea
I set a Fibonacci within a major Fibonacci retracement and found this "u-turn". Assuming Market Baseline (Yellow) will continue to show an uptrend.
Even though, this may be the last chance for the price to move down as shown in snapshot image, if it becomes a reversal.
تعليق:
Price hit 61.8% of past Fibonacci retracement tool placed, if it will continue up, it will rise to at least $1,110.
تم فتح الصفقة:
$1070 Buy Stop entry
أغلقت الصفقة: تم الوصول للهدف:
$1092 trade close