SHORT_TERM _SHORT_IOST
***IOST-SHORT***
- During many hours, price fluctuates within parallel channel (239xxx-258xxx). Price broke down at 239237, at current time price had reacted at near of FIBO extension 2.236 (21635).
- At other hand, considering candle stick model, bullish engulfing had been created. It proved that, bull side is coming back.
- Based on analyst above, price will back-test breaking point 239237 again. This is good signal for opening short entry. But this is short-term short entry so that for any trader who want to open entry, PLEASE set up stop loss based on your risk/reward ratio.
***HOPE THAT THIS ANALYST IS USEFUL FOR EVERYONE***
***MINERAL SCALE INVESTMENT TEAM***
- During many hours, price fluctuates within parallel channel (239xxx-258xxx). Price broke down at 239237, at current time price had reacted at near of FIBO extension 2.236 (21635).
- At other hand, considering candle stick model, bullish engulfing had been created. It proved that, bull side is coming back.
- Based on analyst above, price will back-test breaking point 239237 again. This is good signal for opening short entry. But this is short-term short entry so that for any trader who want to open entry, PLEASE set up stop loss based on your risk/reward ratio.
***HOPE THAT THIS ANALYST IS USEFUL FOR EVERYONE***
***MINERAL SCALE INVESTMENT TEAM***
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.