DOJI in Monthly High possibility for SHORT
Observation & analysis
Monthly chart we see 3 double tops JAN 18 , Oct 18 and May 19 that couldn't break the high or resistance level of 27000 also we see Doji in month of JULY is shaping with very weak MACD falling down selling pressure !!
SL above 27115
Doji high and important signal
Targeting SHORT for M time frame:
TP1 : 25205 ( Fib 38 % )
TP2 : 24663 ( Fib 50 % )
TP3 : 24119 ( Fib 61 % )
TP4 : 23499 ( Fib 78 % )
Note: Golden fib mostly 50, 61 % to be in safe side and always SL your safety guard, follow the roles and risk management
Monthly chart we see 3 double tops JAN 18 , Oct 18 and May 19 that couldn't break the high or resistance level of 27000 also we see Doji in month of JULY is shaping with very weak MACD falling down selling pressure !!
SL above 27115
Doji high and important signal
Targeting SHORT for M time frame:
TP1 : 25205 ( Fib 38 % )
TP2 : 24663 ( Fib 50 % )
TP3 : 24119 ( Fib 61 % )
TP4 : 23499 ( Fib 78 % )
Note: Golden fib mostly 50, 61 % to be in safe side and always SL your safety guard, follow the roles and risk management
Comment:
almost TP 1, adjust your SL