POLYMATH is having a strong (1d) candle, crossing over both the MA50 and MA200 (1d).
This is not a bullish signal yet as the long term pattern remains a Channel Down, particularly bearish under the Falling Resistance.
Trading Plan:
1. Sell as long as the (1d) candles close under the Falling Resistance.
2. Buy if it closes over it.
Targets:
1. 0.1150 (Support 1).
2. 0.2100 (Fibonacci 0.5).
Tips:
1. The RSI (1d) is overbought. It favors short term selling.
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This is not a bullish signal yet as the long term pattern remains a Channel Down, particularly bearish under the Falling Resistance.
Trading Plan:
1. Sell as long as the (1d) candles close under the Falling Resistance.
2. Buy if it closes over it.
Targets:
1. 0.1150 (Support 1).
2. 0.2100 (Fibonacci 0.5).
Tips:
1. The RSI (1d) is overbought. It favors short term selling.
Please like, follow and comment!!
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Disclaimer
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Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.