Looking right now at the supply level between 0.82487 - 0.82523, as the departure from the level broke previous demand levels, so I'm looking to go short here with at least 2:1 target for profit, just at the most recent resistance level that now should become support.
might even be a harmonic pattern off that level as well... abcd etc 88.6? bat? you could prob get 2-2.5:1 to the first demand level around 0.8236
Daniel.Dalo
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Thanks! I was thinking about a pattern, but only had a Bat with completion around a supply level above, so I left that for later. Well, now price has dropped a bit, hope it still is a good supply level.
MinervaFX
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i agree with you. even the rsi will get overbought
Daniel.Dalo
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Thank you mate! It seems like a nice place to sell, I already put a limit order because I know I won't be risking much, hope it goes well!