A repeated daily candlesticks bullish pattern suggested reversal for current trend targeting falling trend at 0.27 and if break it up then will be targeting double that number near by 0.48 and even further .. RSI showing positive signal but MFI still showing negativity . if we can see high volume next week then MFI will be improved. Its under-construction to form larger bullish pattern. so it worth to be watched.. higher target at 0.7 but it may take some time..
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Consolidation!!
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Arrived concerned point at 0.2747 then fade . closed with bearish candle . lets see if can try it again!
Interesting approach. It is always interesting to hear different trading approaches. Best to stick to same approach every time and not get too greedy, Never look back at what "could have been"
WinnerTrader99
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@Ksanti7, Thanks. wish you best of luck :)
bestoch
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hey ! when it reaches your first target (0,27) you take your partial profits or you add more to achieve the second target (0,48) ?
WinnerTrader99
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@bestoch, Hi.. it depends on your style. some traders like to take profit at 62% fibo and others at 78% .. conservatives and hedges take it at 50% fibo and optimistic take it at 162% ...
bestoch
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@WinnerTrader99, Im 20k in from their offering I'll sell half at 50 % fibo as hedges do and pay myself first and the rest at 100 % fibo with optimistic (greedy) traders .... Cheers my friend and thanks for your nice work :)
WinnerTrader99
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@bestoch, wish you best of luck . thanks for your words :)