Following my strategy I always check for at least 3 out 5 signals to get confluence.
1. Trend are we bullish (50 MVA over 200 MVA) or bearish (50 MVA below 200 MVA) plus trend lines
2. Structure (support and resistance zones)
3. Divergence
4. Pattern (Double Top i.e. or similar)
5. Fibs
Scout24 shows me a reversal of the up trend coming. We see strong structure and also divergence.
I expect a double top to see which is also break and retest of the trend.
I would set TP1 at 66.4 and TP2 at 62 because there is a gap to close.
As always follow your own strategy and set SL carefully.
1. Trend are we bullish (50 MVA over 200 MVA) or bearish (50 MVA below 200 MVA) plus trend lines
2. Structure (support and resistance zones)
3. Divergence
4. Pattern (Double Top i.e. or similar)
5. Fibs
Scout24 shows me a reversal of the up trend coming. We see strong structure and also divergence.
I expect a double top to see which is also break and retest of the trend.
I would set TP1 at 66.4 and TP2 at 62 because there is a gap to close.
As always follow your own strategy and set SL carefully.