At the moment it looks like some consolidation will happen due to triple top and the overbought condition on rsi and macd. Only enter the market after having a confirmed signal ( go LONG if clear breaks to upside and go Short on clear failure of breaking the resistance line) I prefer to standby to GO SHORT ....
Awaits for the price to move and breaks the trendline (Arrow black line) either to go Long or Short. Preferably is to wait the price to move upward and breaks the trendline to go long as now it already formed a double bottom. However if the price is under pressure and breaks the horizontal Arrow black line, the we should go short..... Happy trading
Awaits for the price to move and breaks the Trendline (Arrow line in black) either buy or sell.... p/s sorry for the mistake... The label written as Double Top is Actually Double Bottom, My mistake during typing....happy trading
2 scenario as stated... awaits for the price movement to breaks either Fibo 0.5 or 0.618. with little profit - short term trading....
SHORT TERM TRADING Short term- short position, TP at 133.95 , after that will rebound and break 0.5 fibo, enter Long position , TP at 135.70, The short position may not occur if it doesnt break the 1.0 Fibo line at 134.25
This Chart must be read along with my earlier chart posting on daily time frame. Tq, Happy Trading.
descrpption as posted before - this just to show that it is an ascending triangle pattern
This is a daily chart, to see more clearly, please zoom out and you see that it is an ascending triangle - continuation pattern, enter break of trend line A - B, target take profit at - half contract at 1.272 and another half at 1.414 Fibo Expansion
wait until the price consolidate / retrace at between 0.5 and 0.618 Fibo or lower, only enter long position after it move up and break the red trend line and break THE FIBO 0.5 line.
Buy now, half of contract TP at 1.272 Fibo Expansion and another half at 1.414 Fibo Expansion
after short target 1 and 2 . long break fibo 50% and target 3