Price getting rejected by the golden ratio and previous resistance also price seems to have hit double top on daily,
Looks like we are trading in a bear channel and we will most likely see bear momentum continue in coming time, I'm expecting another 10%-12% drop from here
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2725.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.2815.
TP4: R2=1.2845.
Set the stoploss of these orders at breakout of S2=1.2695.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
any segment apply this streatgy
1, 50ema cross to 200ema
2, wait 4 50ema resistance
3, red candel 3 1candel red 2candel close below 1st candel low and 3rd candel close below 2nd candel low
4, tarde Sell below 3rd candel low and target 1st candel high and 3rd candel low
5, sl 1st candel high
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.288.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.28.
TP4: S2=1.275.
Set the stoploss of these orders at breakout of R2=1.292.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
