Here is a follow up on this markup. Additional confluences was used to pick this trade.
1) 61.8 Fib Level
2) Pivot Level
3) Formation of Right shoulder
Note: Markups here are for educational purposes to help support you guys more.
1) 61.8 Fib Level
2) Pivot Level
3) Formation of Right shoulder
Note: Markups here are for educational purposes to help support you guys more.
Trade active
This pair took us out once but our buy bias was still the same so we looked for another buy opportunity and lurkingly for us we found one.The confluences were the same, both normal retail head and shoulders structural patterns and some others. Trade is running about 8:1 RR. What a good catch!!!
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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.