We can see on the daily chart that the RSI is above the 70 level and the minors charts are also going back below the 70 level showing it´s losing strenght to keep going higher. If we draw the fibo retracement it might have a retracement until the support line in yellow. I´m not gonna wait until the support because it´s below the 50% retracement level, so my take...
This trading idea is gonna take a little while to see the result so you gotta be patient for this trade. As I show in the video this asset is pretty close to a strong support line and I´m going long at this point waiting the uptrend channel works on the monthly chart. The RR for this trade is very good to take this risk. Remenber, you need to be patient for this...
This short trade is based on the pullback to a support line. We can see in the video that we might expect this pullback also based on the overbought RSI and fibo retracement what makes this trade stronger. Good lucky to everyone!
This trade idea is based on an exhaustion uptrend movement with five legs. For this reason this asset might retrace to a lower level and also it´s touching the channel´s upper line which gives me another reason to go short. Good lucky to y´all!
This asset is in a downtrend channel but right now is touching the downtrend line and the RSI is oversold. For those reasons I´m going long expecting a rebound to a level of 1.06240 which is a resistance level. Good lucky to all!
This asset is going down on a downtrend for a few days. As we can see in the video there are 2 support lines, including an uptrend line. So this would be a great opportunity for a long trade waiting for a Fibonacci rebound as I showed in this video. Good lucky everyone!
