CURRENTLY WE ARE SEEING AN AGGRESSIVE REJECTION OF LOWER PRICES AS THE MARKET RETESTED OUR 4 HOUR TRENDLINE MAINTAINING MARKET STRUCTURE.
CURRENTLY AS ANALYSIS IS BEING DONE, I AM SEEING A RETRACEMENT BACK TO THE 79.100 LEVEL WHERE IF WE FORM ENTRY CONFIRMATION WE CAN LOOK FOR A MOVE FURTHER UP OF ATLEAST 155 PIPS TO COMPLETE OUR -61.8 FIB CONFLUENCE EXIT POINT AND 4 HOUR PRIOR SUPPORT TURNED NEW RESISTANCE POINT.
ALSO, IN LINE WITH OUR DIRECTIONAL BIAS WE SEE A PENNANT CONTINUATION PATTERN WITH CONFLUENCE OF A H4 TREND LINE 3RD TOUCH.
ALSO, WE SEE STRONG BULLISH ENGULFING PATTERN WHICH SHOWS THAT THE MARKET HAS MOMENTUM FOR A HIGHER MOVE UP.
79.100 ENTRY ZONE
80.700 TAKE PROFIT ZONE
78.445 STOP LOSS ZONE
HAPPY TRADING!
IG: BILLIONAIRS.ACADEMY
CURRENTLY AS ANALYSIS IS BEING DONE, I AM SEEING A RETRACEMENT BACK TO THE 79.100 LEVEL WHERE IF WE FORM ENTRY CONFIRMATION WE CAN LOOK FOR A MOVE FURTHER UP OF ATLEAST 155 PIPS TO COMPLETE OUR -61.8 FIB CONFLUENCE EXIT POINT AND 4 HOUR PRIOR SUPPORT TURNED NEW RESISTANCE POINT.
ALSO, IN LINE WITH OUR DIRECTIONAL BIAS WE SEE A PENNANT CONTINUATION PATTERN WITH CONFLUENCE OF A H4 TREND LINE 3RD TOUCH.
ALSO, WE SEE STRONG BULLISH ENGULFING PATTERN WHICH SHOWS THAT THE MARKET HAS MOMENTUM FOR A HIGHER MOVE UP.
79.100 ENTRY ZONE
80.700 TAKE PROFIT ZONE
78.445 STOP LOSS ZONE
HAPPY TRADING!
IG: BILLIONAIRS.ACADEMY
Trade active
ENTRY: 79.247 AND STOP LOSS MOVED INTO PROFIT 79.260 CURRENTLYTrade closed manually
Take Profit 1 Reached. We are waiting on further confirmation to enter the market
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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.