Possible intraday short from 1.312 region...
Reasons why we like this level are as follows:
1. Boasts a nice-looking FIB 61.8 RET.
2. Trendline resistance.
3. Monthly opening level around the 1.3113 mark.
4. Supply at 1.3112-1.3137.
5. RSI (Possible) negative divergence.
Psychological levels are often faked. So given there is a round number positioned just below our sell zone at 1.31, we're expecting a fakeout to occur here. We're looking to place stops above the supply and enter around the Fibo level at 1.3115.
1. Boasts a nice-looking FIB 61.8 RET.
2. Trendline resistance.
3. Monthly opening level around the 1.3113 mark.
4. Supply at 1.3112-1.3137.
5. RSI (Possible) negative divergence.
Psychological levels are often faked. So given there is a round number positioned just below our sell zone at 1.31, we're expecting a fakeout to occur here. We're looking to place stops above the supply and enter around the Fibo level at 1.3115.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.