The 0.618RET of previous rise locates at 1.844 level.
The bullish Bullish 1.618AB=CD pattern is completing at 1.840 level and the 1.618-1.786EXT of AB is at 1.840-1.845 levels.
Meanwhile the Demand Zone works at 1.839-1.844 levels.
Additionally,the RSI has been oversold.
So it is good to buy at 1.840-1.844 levels when price action gives signals in the PRZ.
SL:below 1.839
TP1:1.857
TP2:1.864
TP2:1.874 and further more
The bullish Bullish 1.618AB=CD pattern is completing at 1.840 level and the 1.618-1.786EXT of AB is at 1.840-1.845 levels.
Meanwhile the Demand Zone works at 1.839-1.844 levels.
Additionally,the RSI has been oversold.
So it is good to buy at 1.840-1.844 levels when price action gives signals in the PRZ.
SL:below 1.839
TP1:1.857
TP2:1.864
TP2:1.874 and further more
Trade active
Note
The market rallied as expected.Trade closed: stop reached
Just 150 pips were taken.
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.
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.