AN INTRADAY (4 HOUR TIME FRAME) HIGH POTENTIAL, BACK TESTED SORT ANALYSIS.
We try to enter into the correction of the uptrend movement.
1) Stochastic Oscillator Overbought ready for short movement.
2) Take Profit between 50.0% and 61.8% Fibonacci retracement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
We try to enter into the correction of the uptrend movement.
1) Stochastic Oscillator Overbought ready for short movement.
2) Take Profit between 50.0% and 61.8% Fibonacci retracement.
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
Trade closed: stop reached:
Best regards