While in a bullish market Bullish rallies are simple to detect, corrective phases are more sophisticated..!
comparing the previous bullish cycle and its correction to the current situation makes it possible that we see a 10% rally in the short-term followed by another leg down!
Trading during corrections has a higher risk!
Fibo Model:
Entry: 136
Stop loss: 130.59
Reward/Risk: 2.67 (it is not Ideal)
Target range: 150.44
Time Frame: 2 wks
Possible gain: 10.62%
Possible loss: 3.98%
Position size: 5% of trading capital
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
comparing the previous bullish cycle and its correction to the current situation makes it possible that we see a 10% rally in the short-term followed by another leg down!
Trading during corrections has a higher risk!
Fibo Model:
Entry: 136
Stop loss: 130.59
Reward/Risk: 2.67 (it is not Ideal)
Target range: 150.44
Time Frame: 2 wks
Possible gain: 10.62%
Possible loss: 3.98%
Position size: 5% of trading capital
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Trade active:
Update stop loss to entry and enjoy risk-free trade!
Trade closed: target reached
Right at the center of target, yet predicted 14 days ago..!