Possible Sell Setting up
This move was based on bad fundamental data from the USA yesterday. (PMI)
Price has left a fresh demand zone and pushed up 3 times now.
You can see the bulls are getting weaker due to the price is holding for longer and longer. (green dashed lines)
This should reverse back to the fair value are (50% Fibbs) that would be your first TP. Your second TP would be another 30% past the first TP just to prevent a crowded exit
This move was based on bad fundamental data from the USA yesterday. (PMI)
Price has left a fresh demand zone and pushed up 3 times now.
You can see the bulls are getting weaker due to the price is holding for longer and longer. (green dashed lines)
This should reverse back to the fair value are (50% Fibbs) that would be your first TP. Your second TP would be another 30% past the first TP just to prevent a crowded exit