H1 time frame.
After a strong bearish move from 110.800 to 109.100, the price formed a red ABC pattern (Simple Flat).
Top A and C form resistance at the 61.8% Fibonacci retracement of this down move.
With the last bullish move of this pattern, a blue ABC divergence appeared.
The current price has broken the Key level and is waiting for a retest, confirmation signal to enter a sell order.
The profit target is the 109.100 zone.
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Wish you all have a good trading day!
After a strong bearish move from 110.800 to 109.100, the price formed a red ABC pattern (Simple Flat).
Top A and C form resistance at the 61.8% Fibonacci retracement of this down move.
With the last bullish move of this pattern, a blue ABC divergence appeared.
The current price has broken the Key level and is waiting for a retest, confirmation signal to enter a sell order.
The profit target is the 109.100 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
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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.
Discord : discord.gg/5HTtehrJVK
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
Website: tradafx.net/
Youtube: youtube.com/c/TradaFXForexTrading
❤
Facebook: facebook.com/tradafx
Instagram: instagram.com/tradafx1/
Twitter: twitter.com/Tradafx1
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.