Potential Long setup
This Setup use the following confirmation.
1. Fibonacci 50% Reversal (@ 1.4000) ( On follow up monthly Chart )
2. Use round number expectation for strong support (@ 1.4000)
3. Use previous range bound between RED arrow and GREEN arrow.
Setup Configuration ::
[ LONG @ 1.4000 ] This number come from strong physiological price number, Fibonacci support and previous daily spike
[ STOP @ 1.3800 ] This number come from pike above 1.400 with a few extra pip as point out in chart.
[ TP1 @ 1.5500 ] This number come from previous bigger range. (will follow up on monthly chart)
[ TP2 @ 1.7000 ] This number is expecting when Fibonacci of 50% (@1.4000) is hold and revert to up side.
1. Fibonacci 50% Reversal (@ 1.4000) ( On follow up monthly Chart )
2. Use round number expectation for strong support (@ 1.4000)
3. Use previous range bound between RED arrow and GREEN arrow.
Setup Configuration ::
[ LONG @ 1.4000 ] This number come from strong physiological price number, Fibonacci support and previous daily spike
[ STOP @ 1.3800 ] This number come from pike above 1.400 with a few extra pip as point out in chart.
[ TP1 @ 1.5500 ] This number come from previous bigger range. (will follow up on monthly chart)
[ TP2 @ 1.7000 ] This number is expecting when Fibonacci of 50% (@1.4000) is hold and revert to up side.
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.