Technicals told me I was clear for the buy so I took it, risking 100 points (tradingview) with a take profit of -27 off the fib tool. I'll let price move and adjust take profit needs because we are ranging and NFP is this week.
I got smacked by the a fed but structure broke so I waited and caught a nice 38.2 to continue to the downside. Let structure get broke twice in one day I’ll laugh so hard. Smaller risk in this order but another great reward.
Why go against the tend right ? I have a nice 618 kiss and a lower timeframe signal to take confidently buys to the upside. Same Risk and beautiful reward, H4 Fib meaning H4 TPs.
H1 fib move. I see the 38.2 working with my lower time frames. If I'm wrong its going to 618. Either way US30 will end this week with a beautiful weekly candle. Lets see how the market rides out. Anything deeper that 618 I was blind and didnt see something is the market.
Price came to an H4 Resistant and created a double top on the H1. With inflation rates going up we can see it dropping for some points. The US dollar sucks and we all know it. News will show us whos boss.
I took my time today and watch the news with US30 take us down for a nice PRZ chance. 38.2 being aggressive I took it and waiting for lower time frame patterns for entries. I risk 150 every time letting me know if I was incorrect or not. I will take this trade up for 880 points which is a fib -27 for TP1. If incorrect I will looking for a 618. to the upside.
I was looking at the weekly and its been all bears, Yes US30bis mad bullish but structure hasnt given a clean and clear green light for bulls yet. I see us allowing news to swing price around to then continue to the downside for new lows. This fib is off the weekly and I had zones thru out the H4 & H1. Some confluence for the sell and risking 150 points. This news...
H4 basis and some zone rejection. I can see the dow jones seeing some new lows as buyers begin to weaken as the days go by. Tomorrow there is a lot of US news. I can Thank ol Joe for inflation that will continue us to the downside, Happy trading ladies and gentlemen. Its the GOAT THYSELF OrganicProfits Signing out. Comment and like. I love the feedback. PEACE.
FIB play 618 and confluence. Crypto will continue to be bearish, understanding weekly candles walking it down to lower time frames. Just some weekend money
HL WITH AN PIN BAR H1 CANDLE... FIB RETRACE AND 1H TP WITH SL OVER LAST HL