MONTHLY- we could have monthly retracement fibo
WEEKLY - bearish : W formation the reason Why i will take this trade
DAILY - Clear rejection of the last Fibonnaci level 78.2%
4h time frame - 3 things is going on
1- head and should formation trend changing partern
2- We have a double top mean trend changing patern
3- We have start making LL/LH trend
WEEKLY - bearish : W formation the reason Why i will take this trade
DAILY - Clear rejection of the last Fibonnaci level 78.2%
4h time frame - 3 things is going on
1- head and should formation trend changing partern
2- We have a double top mean trend changing patern
3- We have start making LL/LH trend
Note
I took a trade.. lost 1R because I placed a sell limite order during NFP very bad mistake if you dont know NFPits every month first friday.
The trade is still valid i will look for a better entry to regain my loss
Note
I will wait a shift of structure SAME TP Neckline on the W formation on the weekly time frame
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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.