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Trading Idea - Feeder Cattle, 20-09-2023
Trading Signal: #C-FCATTLE
| Order | Sell |
| Direction | Bearish |
| Pattern | Resistance Line Breach |
| Interval | 4 hours |
| Length (Candles) | 6 |
Idea Summary
The medium term FCATTLE price forecast is bearish. The FCATTLE price is retracing down to test a resistance after breaching above it. Most likely the price will breach below the resistance and test Fibonacci 38.2 level while there is small likelihood it may fail to return below the resistance and may bounce off the resistance.
Note:
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