The bearish AB=CD pattern is complete at 1.273 level and the 0.618RET of previous drop is at the same level.
Meanwhile the previous structure also works at this zone,and strong resistance will be faced here.
So it is good to sell at 0.723-0.725 levels when price action gives signals in the PRZ.
SL:above 0.726
TP1:0.713
TP2:0.706 and further more
Meanwhile the previous structure also works at this zone,and strong resistance will be faced here.
So it is good to sell at 0.723-0.725 levels when price action gives signals in the PRZ.
SL:above 0.726
TP1:0.713
TP2:0.706 and further more
Trade active
Note
TP1 reached.Note
Very nice,TP2 reached.Note
Note
350 pips were taken most.
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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.