Demand zone peak
4hour and probable for daily
Stoch showing sell signal trigger twice
MACD confirming convergence
Sell to Fair value .07140?
as well look to sell to the cloud at .0790 - but wait for signals to confirm lower
.0790 is base of demand zone
Daily
sell to 50% fib retracement of green marobozu
possible bull flag/penant... to be determined
Daily overall looks like a bottoming process reversal - rounding bottom. As always wait for candles to close
still to early
Daily has Tweezer top (.072059) with kind of evening starish/red outside doji??? LOL!
T/P .07140
S/L .072138
R/R 2.63
Profit Trading
4hour and probable for daily
Stoch showing sell signal trigger twice
MACD confirming convergence
Sell to Fair value .07140?
as well look to sell to the cloud at .0790 - but wait for signals to confirm lower
.0790 is base of demand zone
Daily
sell to 50% fib retracement of green marobozu
possible bull flag/penant... to be determined
Daily overall looks like a bottoming process reversal - rounding bottom. As always wait for candles to close
still to early
Daily has Tweezer top (.072059) with kind of evening starish/red outside doji??? LOL!
T/P .07140
S/L .072138
R/R 2.63
Profit Trading
Comment:
Please consider ATR for S/L and adjust accordingly!!!
Comment:
Post should be for 4hr chart