Sorry, that I have not shared this trade I just practising more to give you better entries and the best that I can.
The same situation as previously, but in this case, I have used additionally Trend-Based Fib Extention.
1) Trade with the trend - look at 100 EMA and MA perfect entry +
2) Found areas with wicks that indicated potential opportunities +
3) Elder Impulse indicator showed that it is the time to take action +
4) Bear Engulfing confirmed this trade entry +
5) Trend-Based Fib Extention indicated that we have almost reached the 0.618 area and I have placed an opening for this trade by the previous wicks a little lower than this range +
6) RSI almost reached the overbought area - not strong enough to make any prediction, but worthy to look at +
Always Do your own research.
Practice makes perfect.
The river of knowledge has no bottom.
May the profit be with you!
The same situation as previously, but in this case, I have used additionally Trend-Based Fib Extention.
1) Trade with the trend - look at 100 EMA and MA perfect entry +
2) Found areas with wicks that indicated potential opportunities +
3) Elder Impulse indicator showed that it is the time to take action +
4) Bear Engulfing confirmed this trade entry +
5) Trend-Based Fib Extention indicated that we have almost reached the 0.618 area and I have placed an opening for this trade by the previous wicks a little lower than this range +
6) RSI almost reached the overbought area - not strong enough to make any prediction, but worthy to look at +
Always Do your own research.
Practice makes perfect.
The river of knowledge has no bottom.
May the profit be with you!
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