📊 CURRENT SITUATION 🔔
🎯 THE BIG PICTURE: "Penguin Waddle Pattern"
PENGU is currently executing what I call the "Antarctic Slide Recovery" - a classic bounce pattern after a significant correction from the 4H Fair Value Gap (FVG).
🟢 BUY ZONE (Support Cluster)
* Primary Support: 0.008
* Fibonacci 0.786 Level: 0.0075
* 1D FVG: Providing strong foundational support
🚀 TRADING SCENARIO ⭐⭐⭐
- Target 1: 0.0095
- Target 2: 0.0114
- STOP LOSS: 0.007
- Ultimate Support: 1D FVG zone
🎯⚡ RISK MANAGEMENT
* Position Size: Risk only 2-3% of portfolio
* Time Horizon: 5-10 days for full target achievement
* Exit Strategy: Scale out at each resistance level
Remember: Trade what you see, not what you think! The market is the ultimate teacher. 🎓
Happy Trading! 🚀🐧
🎯 THE BIG PICTURE: "Penguin Waddle Pattern"
PENGU is currently executing what I call the "Antarctic Slide Recovery" - a classic bounce pattern after a significant correction from the 4H Fair Value Gap (FVG).
🟢 BUY ZONE (Support Cluster)
* Primary Support: 0.008
* Fibonacci 0.786 Level: 0.0075
* 1D FVG: Providing strong foundational support
🚀 TRADING SCENARIO ⭐⭐⭐
- Target 1: 0.0095
- Target 2: 0.0114
- STOP LOSS: 0.007
- Ultimate Support: 1D FVG zone
🎯⚡ RISK MANAGEMENT
* Position Size: Risk only 2-3% of portfolio
* Time Horizon: 5-10 days for full target achievement
* Exit Strategy: Scale out at each resistance level
Remember: Trade what you see, not what you think! The market is the ultimate teacher. 🎓
Happy Trading! 🚀🐧
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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.
Related publications
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.