Hey everyone,
Hope everybody has been well during this pandemic, I will be posting more regularly now my trading ideas, the concept is fairly similar among all of them.
I see this trade possible as there is a Bearish (downward) trend on the daily, buying power is getting exhausted, multiple touches on the daily downward trend - acts as resistance.
Fibonacci Golden levels look pretty sweet for a sell off at a strong resistance zone...
Trade this zone VERY CAREFULLY. keep stoplosses tight, cut your losses if need be.
Happy Trading!
- Jacques
Hope everybody has been well during this pandemic, I will be posting more regularly now my trading ideas, the concept is fairly similar among all of them.
I see this trade possible as there is a Bearish (downward) trend on the daily, buying power is getting exhausted, multiple touches on the daily downward trend - acts as resistance.
Fibonacci Golden levels look pretty sweet for a sell off at a strong resistance zone...
Trade this zone VERY CAREFULLY. keep stoplosses tight, cut your losses if need be.
Happy Trading!
- Jacques
Comment:
Take Profit Hit!