Trade 090817
Fibo extension that displays on the chart shows that the price has stopped at 0.786 fibo point.
Now I am waiting for the pull-back to 0.618 or 0.5 fibo point.
Those will become current resistance level, which many traders will trade.
So that I will set the sell stop at 108.18 and am waiting for it.
TP is open now and LC is only 5-10 pips. if the price goes up, the price momentum will be stronger temporarily.
But it's still in the downtrend momentum in the longer chart.
If you are day-trader, just think sell, otherwise, big traders will eat your profit !
Now I am waiting for the pull-back to 0.618 or 0.5 fibo point.
Those will become current resistance level, which many traders will trade.
So that I will set the sell stop at 108.18 and am waiting for it.
TP is open now and LC is only 5-10 pips. if the price goes up, the price momentum will be stronger temporarily.
But it's still in the downtrend momentum in the longer chart.
If you are day-trader, just think sell, otherwise, big traders will eat your profit !
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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.