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Look for Buyer Failure at 0.7242 level
this is 0.618 and also the 300% range bound
RSI over bought
Buyer tried once already
Get Ready to short!
this is 0.618 and also the 300% range bound
RSI over bought
Buyer tried once already
Get Ready to short!
Comment:
First Target 0.7160 hit, Enter at the 2nd pin
Trade closed: target reached:
Trade closed with 1st target hit, the rest exit at break even
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Video Tutorial: http://www.youtube.com/projack
Weechat ID：jackedu007
Comments
I am thinking this pair will .7115 area with one more wave down, before the next move up my target being the .7300 area.
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The downward trendline hasn't been broken. So it's best to assume that the downtrend is still continuing. The buy-stop is placed wisely there. So I believe the two ideas don't contradict.
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The downward trendline hasn't been broken? Could you post a chart to show which downward trendline? thanks a lot!
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By “Enter at the 2nd pin” you mean wait for price hitting 0.7160 again, if seller try twice but fail to beak 7160, then buyer can long at that level?
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