Hello Tradingview:
Nice to be back to charts and trading after a long break.
In this quick trade, I am looking for a nice 1 HR pullback to good support, forming higher low and inverse Head and Shoulder before entering the trade.
Rejecting the EMA, fibs retracement, and MACD divergence all given me positive confluence to enter.
Easy target of 1.5:1 RR, below the intra day support/resistance area.
Thank you
Nice to be back to charts and trading after a long break.
In this quick trade, I am looking for a nice 1 HR pullback to good support, forming higher low and inverse Head and Shoulder before entering the trade.
Rejecting the EMA, fibs retracement, and MACD divergence all given me positive confluence to enter.
Easy target of 1.5:1 RR, below the intra day support/resistance area.
Thank you
Note
Daily Chart:GooD support area between 0.7050-0.7000. PA has a good rejection of the area, given me more confluence to enter this trade.
Trade closed: target reached
1.5:1 RR obtained
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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.