With price action recently breaking the descending channel for a bullish continuation, it shows the bullish momentum heading towards the previous supply zone.
The price has reached a resistance level where I could expect a correction before moving higher. A long entry is placed at the Fib level 5.0 and retest of the channel's trendline.
The order:
Type: buy-limit
S/L: 30 pips - R:R | 1:5 -
T/P: supply zone
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The price has reached a resistance level where I could expect a correction before moving higher. A long entry is placed at the Fib level 5.0 and retest of the channel's trendline.
The order:
Type: buy-limit
S/L: 30 pips - R:R | 1:5 -
T/P: supply zone
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
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.