The bearish AB=CD pattern will complete at 0.7238 level and the 1.618EXT of BC is at 0.7247 level.
The 0.618RET of previous drop is at 0.7238 level.
Meanwhile the previous structure works at about 0.720 levels.
So it is good to sell short at 0.720-0.725 levels when price action gives signals in the PRZ.
SL:above 0.725
TP1:0.715
TP2:0.710 and further more
The 0.618RET of previous drop is at 0.7238 level.
Meanwhile the previous structure works at about 0.720 levels.
So it is good to sell short at 0.720-0.725 levels when price action gives signals in the PRZ.
SL:above 0.725
TP1:0.715
TP2:0.710 and further more
Trade active
Note
TP1 reached.
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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.