What’s up: Trade entered and immediately shot up from the 61.8% Fibonacci Extension level which is also the edge of a demand zone. However, a further pullback is likely but my SL should be far enough to cover the volatility.
What’s up: $C98$ saw initial rejection at descending channel on the daily timeframe. I am anticipating a retest very soon. Currently looking for entry at the 38.2% Fibonacci Retracement level [0.29252], which is also situated at the edge of a supply zone, with an SL set at 78.6% level [0.25875]. I am expecting 45% - 70% profit within 2-4 weeks.
1. Supply & Demand Theories 2. Price Momentum 3. Fibonacci Retracements & Extensions SR Zones 4. Trendline Breakout 5. RSI Movement Strengths
المحتوى هو للمرجعية فقط، وليس دعوة أو عرضًا. لا يتم تقديم أي مشورة استثمارية أو ضريبية أو قانونية. للمزيد من الإفصاحات حول المخاطر، يُرجى الاطلاع على إخلاء المسؤولية.
$C98$: Bullish 🐂 [Extended Analysis]
Feb. 17 Update:
What’s up: Trade entered and immediately shot up from the 61.8% Fibonacci Extension level which is also the edge of a demand zone. However, a further pullback is likely but my SL should be far enough to cover the volatility.
The Short-Term Play: 2-4 weeks
3.93-to-1 PL Ratio.
Entry: 0.29395; Target: 0.43235; SL: 0.25875.
Hourly Resistance Zones
1. 0.3099 - 0.3200
2. 0.3244 - 0.3363
3. 0.3413 - 0.3592
Hourly Support Zones
1. 0.3029 - 0.2963
2. 0.2940 - 0.2889
3. 0.2827- 0.2728
__________
Feb. 16 Analysis:
What’s up: $C98$ saw initial rejection at descending channel on the daily timeframe. I am anticipating a retest very soon. Currently looking for entry at the 38.2% Fibonacci Retracement level [0.29252], which is also situated at the edge of a supply zone, with an SL set at 78.6% level [0.25875]. I am expecting 45% - 70% profit within 2-4 weeks.
The Short-Term Play: 2-4 weeks
3.93-to-1 PL Ratio.
Entry: 0.29395; Target: 0.43235; SL: 0.25875.
TA Methodologies:
1. Supply & Demand Theories
2. Price Momentum
3. Fibonacci Retracements & Extensions SR Zones
4. Trendline Breakout
5. RSI Movement Strengths