in this instrument we are having 2 scenarios
1. Long which we can target our bearish's wave Fibonacci retracement levels as we can see there exist a bullish divergence between price and MACD (Green), we have a resistance zone too, which we can have some consolidation or a sharp break trough...
2. Short scenario is also very much possible as we are in a bearish channel so we can have the same trend continued up to our previous support levels
or
we can have both
first short to the support and then long up to the Ultimate long TP
please let us know how do you think it may happen???
1. Long which we can target our bearish's wave Fibonacci retracement levels as we can see there exist a bullish divergence between price and MACD (Green), we have a resistance zone too, which we can have some consolidation or a sharp break trough...
2. Short scenario is also very much possible as we are in a bearish channel so we can have the same trend continued up to our previous support levels
or
we can have both
first short to the support and then long up to the Ultimate long TP
please let us know how do you think it may happen???
Comment:
we have touched the resistance zone and going for either of the targets
Trade closed: target reached
