2618 Strategy Trading Setup
Criteria:
1) Double Top
2) Break of structure (neckline) to the downside
3) 61.8% retracement of AB leg
4) SELL order at C point
SL:
5-10 pips above DT
TP:
1) next structure level, probably where B is pointed
2) 1.272% extension of AB leg
With regards,
Michail Sideris
Criteria:
1) Double Top
2) Break of structure (neckline) to the downside
3) 61.8% retracement of AB leg
4) SELL order at C point
SL:
5-10 pips above DT
TP:
1) next structure level, probably where B is pointed
2) 1.272% extension of AB leg
With regards,
Michail Sideris
Trade closed: target reached
Both targets were hit.
+55 pips
+88 pips
Perfect entry - Perfect target
With Regards,
Michail Sideris
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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.