Daily stochastic is indicating the market is overbought
4Hr stochastic is indicating the market is overbought
1Hr stochastic is indicating the market is overbought
Although the market is in an up-trend and it is generally against my ethos to trade against the trend, the price is hitting a resistance level which has been tested 4 times, and potential looking at a retracement on the fib back down to 0.236.
Entry: 1.56513
SL: 1.56801
TP: 1.56067
4Hr stochastic is indicating the market is overbought
1Hr stochastic is indicating the market is overbought
Although the market is in an up-trend and it is generally against my ethos to trade against the trend, the price is hitting a resistance level which has been tested 4 times, and potential looking at a retracement on the fib back down to 0.236.
Entry: 1.56513
SL: 1.56801
TP: 1.56067
Trade closed: target reached