1. Price has broken the inside bullish trendline and is retesting it
2. Head and Shoulder has been formed, and price has retraced into the 0.5 fib level in the H&S structure
3. H1 Stochastic is in Oversold region and has divergence
If price is rejected by the H1 Kumo cloud and closes bearish, I will take a short position with half lot.
I will add another half lot if price breaks and closes below the minor counter trendline (green line) and the 0.382 fib level.
SL above 1.5580 (preferably 1.56000)
TP1 @ 1.5460
TP2 @ 1.5400
TP3 @ 1.5330
Final Target @ 1.5200
It may involve many retracements before getting to our final target.
Trade with care, plan your trade and trade your plan. All the best traders
2. Head and Shoulder has been formed, and price has retraced into the 0.5 fib level in the H&S structure
3. H1 Stochastic is in Oversold region and has divergence
If price is rejected by the H1 Kumo cloud and closes bearish, I will take a short position with half lot.
I will add another half lot if price breaks and closes below the minor counter trendline (green line) and the 0.382 fib level.
SL above 1.5580 (preferably 1.56000)
TP1 @ 1.5460
TP2 @ 1.5400
TP3 @ 1.5330
Final Target @ 1.5200
It may involve many retracements before getting to our final target.
Trade with care, plan your trade and trade your plan. All the best traders
Note
W1 chart outlook... Price at a Previous Resistance Zone. There could be a retracement to the main bullish trendline (and previous high) before a further bullish move to point D for the ABCD completion.
All the best traders.
Note
Waterfall..... +50pips already... :DManage your trades well, guys....
Note
Waterfall..... +50pips already... :DManage your trades well, guys....
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.