Buy above 87.81. Stop loss at 87.40. Take profit at 88.75. Reason for the trading strategy (technically): Price has bounced up nicely from our buying area and made a bullish exit of an intermediate descending resistance-turned-support line. We remain bullish looking to buy above major support at 87.81 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to at least 88.75 resistance (Fibonacci retracement, horizontal swing high resistance). Stochastic (31,3,1) is seeing strong support above 2.5% where we expect a bounce from. We can also see bullish divergence vs price signalling that a bounce is impending.
Please post more of these analysis, it is one of the best I have seen in tradingview and I follow it everyday. Sending love from Israel!
zqtsjiom
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Hi MEX_Exchange, my name is Vuteha and I am from UK.... just want to give a shout out and say that your work is fantastic and many people here in my country always look out for it... plz keep posting...
zafowor7343
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thx thx from Denmark, we appreciate all e work u r doing. Please keep posting...
dokejiradonove
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Do you have any indicators you recommend for traders?
MEX_Exchange
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@dokejiradonove, Well not indicators per se, but rather Fibonacci is good :)