weekly: price is near resistance trendline and at 0.382 fib retracement, but as we can see, H&S pattern is forming.
daily: price near resistance zone and at 0.50 fib retracement.
DOWNTREND.
Wait for daily candle close
SELL @ 0.95150
Sl @ 0.95900
Tp @0.92860
Buy Stop @ 0.96400
Sl @ 0.94450
Tp @1.02250
daily: price near resistance zone and at 0.50 fib retracement.
DOWNTREND.
Wait for daily candle close
SELL @ 0.95150
Sl @ 0.95900
Tp @0.92860
Buy Stop @ 0.96400
Sl @ 0.94450
Tp @1.02250
Trade active
Fib retracementNote
100+ pips. Set SL in profit & take 50-70% profit
Note
Price retesting TL. Wait for cc, if bearish hold it.Trade closed: stop reached
Price came back, hope u took some profit.
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.