After the breakout of the descending wedge pattern, an incredible rally has been experienced by this pair. With explicit overextended price action and the most recent candle under the H4 timeframe signaling some exhaustion, a healthy correction should come into play.
A correction to the FIB level for a new bullish impulse allows the following setup.
The order:
Type: buy-limit
S/L: 30 pips - R:R | 1:3 -
T/P: aiming towards the descending trendline from D1
--
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A correction to the FIB level for a new bullish impulse allows the following setup.
The order:
Type: buy-limit
S/L: 30 pips - R:R | 1:3 -
T/P: aiming towards the descending trendline from D1
--
*** 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.