a retracement trade idea, where price might sweep liquidity before reversing.
Fibonacci Levels:
The 0.618 (1.001600) and 0.786 (1.0016885) retracement levels are highlighted, indicating key reversal zones.
Price seems to be reacting around these areas, making them crucial for entries/exits.
Support & Resistance:
Multiple horizontal blue and yellow lines represent potential support and resistance zones.
The lower 0.786 (1.0015487) level might act as a support if price moves downward.
Projected Price Movement:
The curved blue arrow suggests a possible move down to the 0.618 level (1.0015821) before reversing upward toward the upper resistance.
Liquidity & High/Low Levels:
Liquidity zones seem to be marked, with a possible liquidity grab below support before an upward move.
The high (1.0017381) and low (1.0015085) levels are identified as key reference points.
Fibonacci Levels:
The 0.618 (1.001600) and 0.786 (1.0016885) retracement levels are highlighted, indicating key reversal zones.
Price seems to be reacting around these areas, making them crucial for entries/exits.
Support & Resistance:
Multiple horizontal blue and yellow lines represent potential support and resistance zones.
The lower 0.786 (1.0015487) level might act as a support if price moves downward.
Projected Price Movement:
The curved blue arrow suggests a possible move down to the 0.618 level (1.0015821) before reversing upward toward the upper resistance.
Liquidity & High/Low Levels:
Liquidity zones seem to be marked, with a possible liquidity grab below support before an upward move.
The high (1.0017381) and low (1.0015085) levels are identified as key reference points.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.