Hey Guys,
we just arrive at the upper Line of the Channel which we see on the 4H and Daily Chart.
Price rallied up nicely after hitting the Weekly Support Zone (The Lower green boxes)
- Now we are sitting at the 0.618 of the prior move
- RSI is at about 61, and overbought + Double Top
- We are still under 200 MA and this could be a Test of the 200 MA at the Moment
For Targets i Choose
- Target 1 at the 0.618 of the move up + Structure (Green Box next to Target 1 Text)
- Target 2 at the Lows, Weekly Support were it did bounce before
- Target 3 , i will leave one Runner Trade for the Extension of the prior Upmove.
Have fun :)
I will add some information , when needed
Good Trades, may the Fibs be with you!
we just arrive at the upper Line of the Channel which we see on the 4H and Daily Chart.
Price rallied up nicely after hitting the Weekly Support Zone (The Lower green boxes)
- Now we are sitting at the 0.618 of the prior move
- RSI is at about 61, and overbought + Double Top
- We are still under 200 MA and this could be a Test of the 200 MA at the Moment
For Targets i Choose
- Target 1 at the 0.618 of the move up + Structure (Green Box next to Target 1 Text)
- Target 2 at the Lows, Weekly Support were it did bounce before
- Target 3 , i will leave one Runner Trade for the Extension of the prior Upmove.
Have fun :)
I will add some information , when needed
Good Trades, may the Fibs be with you!