MONTHLY/WEEKLY TF IS IN AN "ASCENDING TRIANGLE" PATTERN. PRICE IS REJECTING OFF UPPER RESISTANCE LEVEL, PUTTING IN A DOUBLE-TOP
AS SEEN ON THE DAILY CHART. PRICE IS IN A RETRACEMENT WHICH HAS CREATED A TEMPORARY "RANGE" ON THE 4HR CHART. PRICE JUST BOUNCED
OFF THE 4HR CHART RANGE HIGH, AND IS IN A PULL-BACK. A SHORT ENTRY CAN BE TAKEN NOW WITH STOP LOSS JUST ABOVE THE .7700 HANDEL.
IF TRADE PLAYS OUT, IT WILL BE A GREAT RISK TO REWARD, 7:1 ROUGHLY, TARGET IS THE PIVOT-LOW ZONE. . . . 0.7570 LEVEL.
AS SEEN ON THE DAILY CHART. PRICE IS IN A RETRACEMENT WHICH HAS CREATED A TEMPORARY "RANGE" ON THE 4HR CHART. PRICE JUST BOUNCED
OFF THE 4HR CHART RANGE HIGH, AND IS IN A PULL-BACK. A SHORT ENTRY CAN BE TAKEN NOW WITH STOP LOSS JUST ABOVE THE .7700 HANDEL.
IF TRADE PLAYS OUT, IT WILL BE A GREAT RISK TO REWARD, 7:1 ROUGHLY, TARGET IS THE PIVOT-LOW ZONE. . . . 0.7570 LEVEL.
Note
CORRECTION, RISK TO REWARD IS 4:1
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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.