Trading Setup based on Fibonacci and Support Resistance. This is seller setup
1. Resistance can be seen around 2055 - 2052 which is the last neck for head and shoulder pattern
2. 2052 is the number from Seller Fibonacci retracement at 61,8
3. TP is 1998 with SL at 2071 (+1 from last high)
4. Risk Reward Ratio for 2,35
1. Resistance can be seen around 2055 - 2052 which is the last neck for head and shoulder pattern
2. 2052 is the number from Seller Fibonacci retracement at 61,8
3. TP is 1998 with SL at 2071 (+1 from last high)
4. Risk Reward Ratio for 2,35
Order cancelled
As you can see, the setup is nearly done. We missed the opportunity because there is last resistance at 2049 that we're not looking at. Good luck next time!
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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.