We are gonna be here until one of these support or resistances break.
Rsi is showing us we have a uptrend here and fib 618 shows(9400), Ichimoko cloud almost tested but it shows us we are in a range(Price moving in the cloud), we lost support of ma 120 and 200 and we are testing support of ma 50 and 20 now, there is an idea here about ma 20 and 50, losing these supports means a big down trend and breaking 8800 is possible after it, but if they can do their job as well we are going to test 120 and 200(120 is on the 9400).
By the high TF(Daily) I dont recommend day trading ... this is not a good time for doing long more than 300 pip, I recommend you to do swing this time ...
8800 to 9500
9500 to 8800
Daily rsi is still in divergence mode and I wont enter long more than 9400, this is not safe ... 9200 showed us a serious resistance here
And 8800 showed us a strong support !
I have to say in daily we are in a big ascending triangle and its almost done! but personally I think we are gonna test the bottom line for sure ...
Im saying this again ...
I dont plan more than 300pip in long if I enter it ...
Short trade is more possible here ...
And I wont check market in lower than 4h tf because of this big range(Which means a really big trend is coming)
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Rsi is showing us we have a uptrend here and fib 618 shows(9400), Ichimoko cloud almost tested but it shows us we are in a range(Price moving in the cloud), we lost support of ma 120 and 200 and we are testing support of ma 50 and 20 now, there is an idea here about ma 20 and 50, losing these supports means a big down trend and breaking 8800 is possible after it, but if they can do their job as well we are going to test 120 and 200(120 is on the 9400).
By the high TF(Daily) I dont recommend day trading ... this is not a good time for doing long more than 300 pip, I recommend you to do swing this time ...
8800 to 9500
9500 to 8800
Daily rsi is still in divergence mode and I wont enter long more than 9400, this is not safe ... 9200 showed us a serious resistance here
And 8800 showed us a strong support !
I have to say in daily we are in a big ascending triangle and its almost done! but personally I think we are gonna test the bottom line for sure ...
Im saying this again ...
I dont plan more than 300pip in long if I enter it ...
Short trade is more possible here ...
And I wont check market in lower than 4h tf because of this big range(Which means a really big trend is coming)
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
9k touched ...
Rsi support line got broken in lower tf's and also 4h ...
It would be a fake out ...
Thats why Im yelling ... dont plan more than 300 pip for long ...
Good luck guys.