Trend continuation trade RSI/structure and Fibonacci confluences
Price has broken to the downside and it retraced back to previous structre aligned with 0.618 Fib retracement.
Note also RSI being extended in the overbought area.
Happy trading.
Note also RSI being extended in the overbought area.
Happy trading.
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Related publications
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.