Reasons why: * RSI Negative reversals on 4H chart, target 0.78085 * RSI moves between 20 and 60 (bull markets move between 40 and 80) * Previous bottoms give resistance * Price below the Moving Averages * Daily, Weekly and Monthly Timeframes aligned
Overview of timeframes M) Down: below MA's, testing RSI 60. But PR TA Hit, so trend change maybe possible W) Down: missed PR TA, but trend not confirmed yet D) Down: move below NO and just broke down RSI40 4H) Down: NR TA: 0.78085
交易开始
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Target is hit: - No sign of a bottom on all higher timeframes or a trend reversal. - Move current stop to break even - Once it breaks down 0.77856, move SL a little bit above 0.78085 (previous target)
New target is to be defined
交易结束:到达目标
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Target hit, profit locked. New analysis will follow