Entry zone is 0.82 - 0.835
Stop loss at 0.854 and Target 0.772
(Using Fibonacci retracement golden ratio zone reversal strategy)
Currently three is a double top at the 50% fib level but I will not trade it because I will need to keep stop loss very high which can be risky. So waiting for the safe option. If price revrse from the current zone then okay trade will not get activated😉
Stop loss at 0.854 and Target 0.772
(Using Fibonacci retracement golden ratio zone reversal strategy)
Currently three is a double top at the 50% fib level but I will not trade it because I will need to keep stop loss very high which can be risky. So waiting for the safe option. If price revrse from the current zone then okay trade will not get activated😉
Note
Price reached buying zone but not entering 100% yet...bought 40% of my budget for this trade. When it confirms rejection from this level, I will add 60% moreNote
Hourly close below 0.835....20% SafeClose below 0.83.... 50% safe
Close below 0.82.....80% safe
Trade active
Trade Activated nowTP1 0.803
TP2 0.772
Trade active
It is going very well. Wil close 60-70% of my position at 0.803 My average entry was 0.824
Trade closed: target reached
Target 1 reached. Closed 100% here because we can see pullback from here
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.
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.