Summary
Break
Scenario : Short
- A break of the blue trendline which is better represented on the 4H chart will support my bias to go short and i will be looking for. This line has acted s good support for the rising trendline and a break of it will mean further down to the green major trendline. A hidden bearish divergence is also worth mentioning as this signifies trend continuation.
Entry
I favor an entry at 0.886 zone after a break and then a bounce of the blue TL
SL is based on previous high and fibonacci reversal of 0.89457
Total TP Target : 0.86273
TP1 : 55% of T.TP
TP 2: 85% of T.TP
Follow me on twitter olatrading
Total Trades :3
Total Pips : 313 Pips
Break
Scenario : Short
- A break of the blue trendline which is better represented on the 4H chart will support my bias to go short and i will be looking for. This line has acted s good support for the rising trendline and a break of it will mean further down to the green major trendline. A hidden bearish divergence is also worth mentioning as this signifies trend continuation.
Entry
I favor an entry at 0.886 zone after a break and then a bounce of the blue TL
SL is based on previous high and fibonacci reversal of 0.89457
Total TP Target : 0.86273
TP1 : 55% of T.TP
TP 2: 85% of T.TP
Follow me on twitter olatrading
Total Trades :3
Total Pips : 313 Pips
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.