Sell below 88.46. Stop loss at 89.21. Take profit at 86.69.
Reason for the trading strategy (technically):
Price is starting to reverse below strong resistance at 89.21 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we need to wait for a confirmation to go short on this trade. Price would need to break our ascending support line and also support at 88.46 (Fibonacci retracement, horizontal overlap support) to trigger a bearish move from here towards 86.69 support (Fibonacci retracement, horizontal support).
RSI (34) sees major bearish divergence vs price signalling that a reversal is impending. We can also see a bearish exit as a precursor that a reversal on price is impending.
Reason for the trading strategy (technically):
Price is starting to reverse below strong resistance at 89.21 (Fibonacci retracement, horizontal swing high resistance, bearish divergence) and we need to wait for a confirmation to go short on this trade. Price would need to break our ascending support line and also support at 88.46 (Fibonacci retracement, horizontal overlap support) to trigger a bearish move from here towards 86.69 support (Fibonacci retracement, horizontal support).
RSI (34) sees major bearish divergence vs price signalling that a reversal is impending. We can also see a bearish exit as a precursor that a reversal on price is impending.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。