Trade idea - USDHUF Long
Updated
4H
Corrective approach towards entry zone.
-27 Fibonacci completion aligning with entry zone.
Ascending trend line holding up the price.
= Buy limit.
Bullish M pattern also there as extra evidence.
0.3% risk.
Corrective approach towards entry zone.
-27 Fibonacci completion aligning with entry zone.
Ascending trend line holding up the price.
= Buy limit.
Bullish M pattern also there as extra evidence.
0.3% risk.
Comment
MONTHLY
Inverse Head & Shoulders pattern potentially in play.
Clear support & resistance zone is there.
Comment
WEEKLY
Double bottom pattern can be in play, with fake out towards the Monthly zone.
-27 Fibonacci has been completed.
Comment
DAILY
Bullish impulse / new HH: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Trade active
Involved.Trade closed: stop reached
-0.3%. I was doing an FTMO challenge trying to get funded with 50K. Drawdown limit got hit. Failed this challenge. Time to evaluate. I will learn from my mistakes & try again soon. Great things don't come easy.
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.