Bullish Engulfing Pattern Drive EUCAD in Long H1, and next destination is 2,618% with nice RR ratio
Please comment if there are any question.
1. Triggered with Dominant Break in Candle H4, (Engulfing Pattern). 2. Before reach destination to 1.618 and 2.618, it will be facing minor correction. 3. Wait in the area 50% or 61.8%, find buy set up like engulfing or ABC pattern. 4. Nice Risk and Reward ratio, but will be takes more than one weeks to achieved the major target.
See on TF H4, Downtrend Not yet finished,high probability going to next target in Fibo 2.618.
Sale here, BUT Wait the next confirmation set up
Confirmation Higher high and higher low, and Break Support and Resistance, will be up to 2,618
Bullish Divergence confirm in H1 Time Frame, Candle break and creating new Higher High, already achive 161.8% target, and need little bit retest before go to next Fibo Ratio.
Initial break in near support resistance (SNR). Target 1.618 already complete and next destination in 2.618.
There is initial break and using fibonacci ratio, the destination is the last ratio to make a perfect pullback set up
On 1 H Time Frame, Bullish Divergence. Possibility to take long position.
waiting for confirmation candle such as Bullish Engulfing or Hammer in H1