Demand zone confluence with Fibonnaci retracement
Hi traders,
Nice area to look for a long opportunity.
The price has massively entered a demand zone and is showing sign of weakness on its bearish move.
Two choice for entering this trade depending on the risk profile.
Note also the nice confluence with the 78.6 Fibonacci retracement and RSI extension.
Happy trading
Nice area to look for a long opportunity.
The price has massively entered a demand zone and is showing sign of weakness on its bearish move.
Two choice for entering this trade depending on the risk profile.
Note also the nice confluence with the 78.6 Fibonacci retracement and RSI extension.
Happy trading
Trade closed: target reached
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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.
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.