1. Volume divergence, has been formed at current time-frame
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2. Retracment Fibonacci level 0.618, the price has reversed and has retested the first wave of the elliot wave
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3. In the consolidation phase, the price has corrected into the corrective stage so that the price moves further.
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4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 79.35
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5. Target Zone, the price will move far towards the fibonnachi level at 1,618 (78.95)
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##############################
Recommendation: Signal Strength >>> $$$$$
##############################
----- This writing is purely for education and does not imply buying or selling ----
-------------------------------------------------- -------------------------------------------------- ----
2. Retracment Fibonacci level 0.618, the price has reversed and has retested the first wave of the elliot wave
-------------------------------------------------- -------------------------------------------------- ----
3. In the consolidation phase, the price has corrected into the corrective stage so that the price moves further.
-------------------------------------------------- -------------------------------------------------- ----
4. Stop Zone, determine the stop level at the level of -0.236 which is at the price of 79.35
-------------------------------------------------- -------------------------------------------------- ----
5. Target Zone, the price will move far towards the fibonnachi level at 1,618 (78.95)
-------------------------------------------------- -------------------------------------------------- ----
##############################
Recommendation: Signal Strength >>> $$$$$
##############################
----- This writing is purely for education and does not imply buying or selling ----
Trade active
SL 79.35 -------------------------------------------------- -------------------------------------------------- --
TP 78.95
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Note
This pair receives very much downward price pressure at a lower time-frame. hopefully the price will move soon.
Trade closed: stop reached
Stop Out: -15 pipsNote
Not really lucky here. Hit SL and then drop aggressively.
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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.
Related publications
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.