Criteria for long position:
- new up trend on 4 hour time frame (successive HHs and HLs)
- low test bar
- 8 ema support
- horizontal support at ~0.7245
- 38.2% Fibonacci retracement
- Stochastic convergence
entry - above high of low test bar
stop loss s- below low of low test bar
target - 127.2% Fibonacci extension or higher
- new up trend on 4 hour time frame (successive HHs and HLs)
- low test bar
- 8 ema support
- horizontal support at ~0.7245
- 38.2% Fibonacci retracement
- Stochastic convergence
entry - above high of low test bar
stop loss s- below low of low test bar
target - 127.2% Fibonacci extension or higher
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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.