Trendline Bounce Opportunity : Previous bounces from the trendline which shows strong resistance, Muiltisession M on the 4HR. Potentially retrace to the 0.5 / 0.618 Fib area which matches up the support trendline and also the 50 SMA on the daily
Entry Zone : 1.20900
Stop Loss : 1.21050 (15 Pip stoploss, place sell stops at stoploss price if it hits)
Take Profit 1 : 1.20580 - Water 50 EMA (15 Minuet Time Zone)
Take Profit 2 : 1.20370 - Mayo 200 EMA (15 Minuet Time Zone)
Take Profit 3 : 1.19800 - Blueberry 800 EMA (15 Minuet Time Zone)
Swing the rest to the trend line
Entry Zone : 1.20900
Stop Loss : 1.21050 (15 Pip stoploss, place sell stops at stoploss price if it hits)
Take Profit 1 : 1.20580 - Water 50 EMA (15 Minuet Time Zone)
Take Profit 2 : 1.20370 - Mayo 200 EMA (15 Minuet Time Zone)
Take Profit 3 : 1.19800 - Blueberry 800 EMA (15 Minuet Time Zone)
Swing the rest to the trend line
Note
All take profits hit. If your still in the trade move stop loss into profit and swing it to the downside!
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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.