As you can see, price is retesting a weekly trend line with a 0.618 Fibonacci retracement.
A possible ABCD pattern is forming If we see a breakout and close below the 4h CTL shown above.
A possible ABCD pattern is forming If we see a breakout and close below the 4h CTL shown above.
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Note
Weekly close was a shooting star, good sign for us. Anyway, I'm in good profit atm and I moved my SL to BE. Risk Free Trade!
Note
I took a little profit before price touched the stop loss at breakeven.
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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.