A High Probability Structure-Based Trade
A High Probability Structure-Based Trade
The following are the clues that inform my conservative entry.
1. Price action has reached at key level of structure (indicated by the rectangular blue zone).
2. An AB=CD pattern
3. AB Fibonacci extension of 1.618
4. RSI is OB on this time frame
5. Loss of momentum (the body of two candles are quite small:-Dojis)
6. The 4Hr time frame confirms a DT
The R: R is also impressive!
Please give a like as a way of support and encouragement.
The following are the clues that inform my conservative entry.
1. Price action has reached at key level of structure (indicated by the rectangular blue zone).
2. An AB=CD pattern
3. AB Fibonacci extension of 1.618
4. RSI is OB on this time frame
5. Loss of momentum (the body of two candles are quite small:-Dojis)
6. The 4Hr time frame confirms a DT
The R: R is also impressive!
Please give a like as a way of support and encouragement.
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.