Anticyclical Longposition possible?
For my risk-Lovers: U could perhaps try an anticyclical short/mid-term Long Position at the illustrated supportlevel @ ~0,7235-0,714.
There are some signals which underline a temporary upmove:
-The RSI is diving through it s oversold-section
-The BBs are stressed out
- The supportzone is also based near the flags max. tp
Ideally such a countertrade / consolidation is reaching to themin consolidation Level fibo 38,2 @ ,7286. The SL for this trade should be installed near below the last significant Low at 0,714. Here you have a really nice Chance-risk-Ratio.
In a minor tf we see a bullish wedge, so it is not vlear if we really dip into the illustrated Support Level:
I always prefer PROcyclical trades, for example for me the break through the supportlevel seems to be a nice shortchance in trend direction.
Happy Holidays
shortterm view:
There are some signals which underline a temporary upmove:
-The RSI is diving through it s oversold-section
-The BBs are stressed out
- The supportzone is also based near the flags max. tp
Ideally such a countertrade / consolidation is reaching to themin consolidation Level fibo 38,2 @ ,7286. The SL for this trade should be installed near below the last significant Low at 0,714. Here you have a really nice Chance-risk-Ratio.
In a minor tf we see a bullish wedge, so it is not vlear if we really dip into the illustrated Support Level:
I always prefer PROcyclical trades, for example for me the break through the supportlevel seems to be a nice shortchance in trend direction.
Happy Holidays
shortterm view:
Comment:
shortterm nearly reached tp
Comment:
we dipped to the anticyclical Long-entry area
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Comment:
aha
Trade closed: target reached:
done :-)
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