We have completed the wave 4 and we are looking to enter long for the wave 5
Here we can see a bat pattern that completed at the end of wave 4 confirming a long postion
We are waiting for the price to retrace to the 50 or 61.8% of the first up move of the wave 5 so we can have a nice presice entry
A nice divergence that confirms the bat pattern and also the smaller wave 3and5 of the wave c of 4
here will be our entry at the 50 or 61.8%
entry : 1.22524
stoploss : 1.22003
tp1 : 1.23639
tp2 : 1.24000
tp3 : 1.25428
A nice risk reward of 2/1 for tp 1 and 5/1 on tp3
Leave a like and a follow i'm just starting my stradingview channel but you will be pleased !
i'm happy to answer any questions or to help however i can have a nice trade everyone .
Note
It just hit the 61.8% now we are just waiting for a small confirmation to buyNote
i tp here because i put it on the wrong place 1.24270you guys can hold if you want put stopp loss in double risk into profit (sorry for the bad english i'm dutch haha )
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.