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Trade Signal:
BUY (Swing)
> Entry: 81.922
> Take Profit: 86.676
> Stop Loss: 80.924
Analysis:
Monthly TF we have an Impulse Correction Impulse, also on the Weekly we are forming an over-extended W formation, where we can expect a retracement back to the neckline.
Dropping on the 4H time we wait for the EMAs to cut for short and retraces back to the neckline where we put our Entry. Stoploss is below the 0.786 of the fibo of on the W formation and Take profit is at the impusle.\t
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Trade Signal:
BUY (Swing)
> Entry: 81.922
> Take Profit: 86.676
> Stop Loss: 80.924
Analysis:
Monthly TF we have an Impulse Correction Impulse, also on the Weekly we are forming an over-extended W formation, where we can expect a retracement back to the neckline.
Dropping on the 4H time we wait for the EMAs to cut for short and retraces back to the neckline where we put our Entry. Stoploss is below the 0.786 of the fibo of on the W formation and Take profit is at the impusle.\t
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
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.