Market price reached almost 61,8 fibonacci retracement line and showed first resistance.
-200 day moving average (red line) near bearish crossing with 100 day moving average line (blue line) - this would be a very bearish signal. -RSI on daily chart reached heavy overbought area -Stochastic RSI on daily chart is already heavy overbought since days and need an correction -MACD baselines are near bearish crossing which brings sellers into the market -Bollinger bands downside started down movement which implements correction movement
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market following as analysed - move stop loss to entry
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60 % partial take profit at current stage because market shows first support on 1H after reaching the 38,2 fibonacci retracement line
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RSI and stochastic RSI are overbought as well - take profit 2 at drawn green TP line