Buy zone for Brøndby with good setup. BIF
Brøndby is soon ready to get in to Buy zone.
As you can see price made LL while RSI and MACD is making HL, which is bullish. I think one last leg down will happen to the buy zone and the RSI will be slightly above 30. Then we can expect a correcting rally. Maybe a new cyclus.
Buy zone is aroung 74-75 and stop is set to 0.66 which is below fib extension 1.0.
Target is set to expected SMA 200 zone.
Trade is active if the price touches buy zone.
As you can see price made LL while RSI and MACD is making HL, which is bullish. I think one last leg down will happen to the buy zone and the RSI will be slightly above 30. Then we can expect a correcting rally. Maybe a new cyclus.
Buy zone is aroung 74-75 and stop is set to 0.66 which is below fib extension 1.0.
Target is set to expected SMA 200 zone.
Trade is active if the price touches buy zone.
Comment:
In buy zone
Trade active
Trade closed: stop reached