Welcome back to my new section, today i've analyzed . I think there's a good opportunity that we coud be facing a C wave correction until past 0.7 Fib and after use that to open a small short until 0.6 or 0.5 fibonacci levels.
looks a bit exhausted due to the momentum of past weeks and is starting to show a cross divergence to the down side. It's a bit early to jump on a short, so i decided to put a limit short order way above 0.7 fib level to let the asset take more momentum before the inminet bear trend.
The levels that i am trading in this strategy are on my analysis as well as the Stop Loss you should be all using.
***Please do not take that as an advice, it is an idea and it must be taken as such, do your own research and share your thoughts if needed***
I will keep you all posted,
Have a happy monday & a happy trading experience!
Happy trading to all of you!