market price reached on daily chart the 100 day moving average and first stronger resistance area at 1.113 after nice up movement this and last week. I expect first big seller wave now entering the market which could bring the market down to the drawn area/take profit.
Indicator analyse
-MACD baselines crossed bearish which brings sellers into the market
-RSI baselines has fallen back into regular movement area which is bearish indicator
-Bollinger bands stopped up movement and going into sideways which indicates an incoming correction
-take profit at 38.2 fibonacci area which is first reversal target for strong trends like this one
Indicator analyse
-MACD baselines crossed bearish which brings sellers into the market
-RSI baselines has fallen back into regular movement area which is bearish indicator
-Bollinger bands stopped up movement and going into sideways which indicates an incoming correction
-take profit at 38.2 fibonacci area which is first reversal target for strong trends like this one
Trade closed: stop reached
Money Management 📖
Trading Coaching 👑
VIP Signals group --> contact on Telegram @DannyKadiric (there are exact entries and exits posted)
free Telegram group: https://t.me/joinchat/AAAAAFfx0WvTOQQaKnzJFg
Trading Coaching 👑
VIP Signals group --> contact on Telegram @DannyKadiric (there are exact entries and exits posted)
free Telegram group: https://t.me/joinchat/AAAAAFfx0WvTOQQaKnzJFg