hey everybody! third analysis here on trading view :) im new, so please don't enter any trades based off my analysis.
I just opened a SELL position based on the 4H chart fib line being respected so far. Also, higher highs on the candlestick chart, but lower highs on the RSI 200 indicator and also the scheduled FED cuts in the US next week. (September 17th/18th)
That being said..
I'm also looking to open a sell limit at the 1H fib line
Sell Limit: 1.32300
Stop Loss: 1.32500
Take Profit: 1.31400
R/R Ratio: 4.35
cheers!
I just opened a SELL position based on the 4H chart fib line being respected so far. Also, higher highs on the candlestick chart, but lower highs on the RSI 200 indicator and also the scheduled FED cuts in the US next week. (September 17th/18th)
That being said..
I'm also looking to open a sell limit at the 1H fib line
Sell Limit: 1.32300
Stop Loss: 1.32500
Take Profit: 1.31400
R/R Ratio: 4.35
cheers!
Trade closed: stop reached