REPUSD pair is on a downtrend along with ETHUSD, but with conditions in favor of range trading.
Right now, RSI and Stochastic overbought and ADX in range trading zone.
Bottom Bollinger Band (not shown) touching price, and bottom Keltner Channel (not shown) 4$ above price.
Stop under major resistance for a Risk/Reward of 1.75
Right now, RSI and Stochastic overbought and ADX in range trading zone.
Bottom Bollinger Band (not shown) touching price, and bottom Keltner Channel (not shown) 4$ above price.
Stop under major resistance for a Risk/Reward of 1.75
Zlecenie aktywne:
Trade active since the moment of publishing. Still several days away from profit taking
Komentarz:
Unlike prior bounces, price seems stagnant, therefore it could be a good time to take profit, even though initial target was not reached.
Transakcja zamknięta: osiągnięto wyznaczony cel