Our 4 confluence trade setup
We are in the midst of a large retracement on the 4h timeframe and expect price to go all the way up into the
1) premium price range where there is a
2) sizeable fair value gap that lines up perfectly with the
3) Fibonacci Golden Zone and also an area of
4) Support/Resistance.
We expect a continuation of bearish price action, so we look to target beyond the latest low created on the 4h.
We are in the midst of a large retracement on the 4h timeframe and expect price to go all the way up into the
1) premium price range where there is a
2) sizeable fair value gap that lines up perfectly with the
3) Fibonacci Golden Zone and also an area of
4) Support/Resistance.
We expect a continuation of bearish price action, so we look to target beyond the latest low created on the 4h.
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.