prices may extend to the marked point to complete the AB=CD pattern for a 62% retracement with a 1.62% BC fib projection, it'll be interesting to see if the current resistance zone will be broken but if not, that zone will also be a good place to take your profits.
Trade active
Order cancelled
whether this is a stop hunt or maybe the bull's have lost their steam, either way, i'm cancelling my position 40 pips down and assuming my position as a by stander until a clear intention from the bears or the bulls is made known
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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.