Finally broke out of the pennant and naturally, we'd wait for a retest.
But if the market has taught me anything it's that retests don't always happen so over time I've been able to easily enter the market in cases like this where the driving pair is pretty strong. And yes, I'm talking about the fib tool. My ellipse outlines my entry point and I'm using the area between the 1.618 extension and the previous support zone as my target.
But if the market has taught me anything it's that retests don't always happen so over time I've been able to easily enter the market in cases like this where the driving pair is pretty strong. And yes, I'm talking about the fib tool. My ellipse outlines my entry point and I'm using the area between the 1.618 extension and the previous support zone as my target.
Note
no fib rejection so waiting for imminent retest for entry.Order cancelled
Analysis has been invalidated
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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.