147.400 is our pivot point.
Our preference
Target 148.35
Alternative scenario
The upside breakout of 147.400, would call for 148.10 and 148.35.
Comment
The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (147.81) but above its 50 period moving average (147.66).
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of Pivote point =147.400.
In this situation, there is an expectation to reach the target S1=146.86. S2= 146.08
Set the stoploss of reverse orders at breakout of R1=148.100.
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
⚠️Risk Disclaimer: All trading ideas are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position.
Our preference
Target 148.35
Alternative scenario
The upside breakout of 147.400, would call for 148.10 and 148.35.
Comment
The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (147.81) but above its 50 period moving average (147.66).
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of Pivote point =147.400.
In this situation, there is an expectation to reach the target S1=146.86. S2= 146.08
Set the stoploss of reverse orders at breakout of R1=148.100.
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
⚠️Risk Disclaimer: All trading ideas are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position.
Comment:
Incase Beoke the Pivote point line 147.400 level I hope it will Down site Continuation.
Target Level is 145.388
Trade closed: target reached