Gone long after a double bottom on the daily chart at a support level, previously identified. Daily chart used for the key analysis in this trade. Relatively simple set up, using key levels and the RSI/MACD.
Fib retracement used to identify potential movement prior to hitting the resistance level at around 68.900 (perhaps psychological level?).
Entered on a demo account as i am not live trading yet, let me know what you think or give me some tips!
Fib retracement used to identify potential movement prior to hitting the resistance level at around 68.900 (perhaps psychological level?).
Entered on a demo account as i am not live trading yet, let me know what you think or give me some tips!