Hi everyone,
Since the lows from December, the price for this pair has been pretty much within the edges of this pitchfork . There is a level that is showing high spikes of volume, around the Fibonacci level 0.386 and price 0.35500 , therefore that could be a nice entry point if the price decides to retrace till there, as there is reaction.
2 possible entries:
Range 1: 0.3599 - 0.3522
Range 2: 0.3498 - 0.3435
Potential gains between 10% and 25%, depending on the entry-
TP 1: 0.3773
TP 2: 0.3978
TP 3: 0.4314
If you can trail profit go for 0.45 and above
SL: 0.33
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Since the lows from December, the price for this pair has been pretty much within the edges of this pitchfork . There is a level that is showing high spikes of volume, around the Fibonacci level 0.386 and price 0.35500 , therefore that could be a nice entry point if the price decides to retrace till there, as there is reaction.
2 possible entries:
Range 1: 0.3599 - 0.3522
Range 2: 0.3498 - 0.3435
Potential gains between 10% and 25%, depending on the entry-
TP 1: 0.3773
TP 2: 0.3978
TP 3: 0.4314
If you can trail profit go for 0.45 and above
SL: 0.33
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Trade active
TP1 HIT
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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.