dpalomo

dpalomo

Testing the 61.8% fibonacci line and pivot point R1 weekly. After this candle closes for the day. We should be seeing a short. Also the Stochastic Oscillator shows that it is overbought at 91%. Once confirm that its is a sell, I setup a 1:4 risk/ reward ratio. Hope this helps out

dpalomo

using the pivot point system. starting the week by going up to R2 (1.32068). usually its doesnt pass R2 and by the looks of it. Its testing a trendline resistance. i would consider it a sell. using the fibonacci. i see it going down to 50% and 61% retracement range