I've been looking at this pair for some time, I keep missing the opportunities to capitalize on its movement. Price has been generally trending bearish since around mid August 2023. I think that I may be onto something here now. Price has retraced to an area of interest and has provided me with a lovely confluence ie;
1. Rejection of a level of resistance around 1.90325
2. Bounce off of the .618 Fib level which is in the same resistance zone
3. Price reversal after rejecting the aforementioned levels
Of course there's no guarantee that this setup will increase my account size, but what's guaranteed in life? I've had good favor in the past with these setups so I'll keep trading them, win, lose or draw.
What do you think price will do here?
1. Rejection of a level of resistance around 1.90325
2. Bounce off of the .618 Fib level which is in the same resistance zone
3. Price reversal after rejecting the aforementioned levels
Of course there's no guarantee that this setup will increase my account size, but what's guaranteed in life? I've had good favor in the past with these setups so I'll keep trading them, win, lose or draw.
What do you think price will do here?
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.