Double top spotted @1.6355,
Confirming Bulls achieved New High.
Now we jump into the dip/retrace.
(NOTED)The test of the Resistance level @1.6355
Fibonacci can now be applied from the level of the test @1.6333
Now note the ABCD Pattern within the FIB where:
A = 1.6333 (0%)
B = 1.6051 (100%)
C' RETRACEMENT = 1.6179 (38%)
D' TARGET = 1.5897 (162%)
SL @1.6333
TP1 @1.5983
TP2 @1.5868(Place beyond target to capture more pips)
(NOTE: XABCD Butterfly!! BUPTREND LINE BOUNCE d
NB: Be sure to trail SL after TP1 hits)
KEEP YOUR LEVERAGE LOW !!!!! (0.1)
Confirming Bulls achieved New High.
Now we jump into the dip/retrace.
(NOTED)The test of the Resistance level @1.6355
Fibonacci can now be applied from the level of the test @1.6333
Now note the ABCD Pattern within the FIB where:
A = 1.6333 (0%)
B = 1.6051 (100%)
C' RETRACEMENT = 1.6179 (38%)
D' TARGET = 1.5897 (162%)
SL @1.6333
TP1 @1.5983
TP2 @1.5868(Place beyond target to capture more pips)
(NOTE: XABCD Butterfly!! BUPTREND LINE BOUNCE d
NB: Be sure to trail SL after TP1 hits)
KEEP YOUR LEVERAGE LOW !!!!! (0.1)
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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.