Since the price has break the trend line potentially make a bullish butterfly with a chyper pattern, we can go short and aim it until the price hit the previous lower candle + nearest support (black line) for TP1, fib retracement level 0 + tail of the previous structure candle for TP2 & the median of the 1,27 fib ext + lower support (black line) for TP3.
Trade active
Althrough the fact that it nearly hit my stop loss, the price didn't hit it and now it hit the TP1. Thus, it mean a first checkpoint of profits. XDStill waiting for the further market movement.
I hope it will hit the next TP.
Trade active
Thanks for the USD JOLTS Job Openings!!Now it hits TP2 :D
Still waiting if the price gonna hit the TP3 or not.
Trade closed: target reached
Done!!!The price now hit TP3.
Thanks for paying attention to my analyze.
Enjoy the pips and happy trading guys ;)
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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.