Short trade combining supply zone with pattern confluences
Area to watch for a potential turning point.
The price is entering a Daily supply zone with an 88.6 Fibonacci confluence. Nice risk/reward on this trade with two
potential targets on structure.
Any other confirmation will be added to strenghten the probability :
-RSI divergence
- Advanced pattern on lower timeframe (short within the supply area)
-Conventional pattern (short : flag, penant, Head&Shoulders...)
Keep it simple and happy trading.
The price is entering a Daily supply zone with an 88.6 Fibonacci confluence. Nice risk/reward on this trade with two
potential targets on structure.
Any other confirmation will be added to strenghten the probability :
-RSI divergence
- Advanced pattern on lower timeframe (short within the supply area)
-Conventional pattern (short : flag, penant, Head&Shoulders...)
Keep it simple and happy trading.
Trade closed manually
Target 1 hit - Stop loss moved to breakeven
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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.