-18%...WOW!
we are now close to all times market low 10.5.
analyzing the price action we can see a potential harmonic abcd formation with a perfect match with 1.414 extension.
for me, the safest buying zone will be between 10.5 - 12.0.
I would say that the underlined area is best for investing purposes buying without leverage on 1-2 year holding period with great potential roi.
for day trading, wait for a reversal formation within the zone, and buy with 18.0 initial target and your stop below the zone.
good luck!
Trade closed: target reached
HIT THE TARGET!!!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.