Important support /+300tp /pullback/ low risk/Convergence/Elliot
Updated
Hello friends, first of all, thank you for your attention
I started the study with daily timeframes and noticed an important convergence in daily timeframes, as well as a slow hammer pattern with trend lines drawing, as well as a very important support in daily timeframes and the failure of the channel ceiling in the 4-hour timeframes. Also, pullback to the confirmation trend line is an uptrend.
In addition, a 5 wave is forming which is confirmed by Fibonacci ratios of these levels, of course, tomorrow's news should be considered because the price may behave contrary to our analysis. wish you luck . Please like and comment because every trader has something to say, thank you.
I started the study with daily timeframes and noticed an important convergence in daily timeframes, as well as a slow hammer pattern with trend lines drawing, as well as a very important support in daily timeframes and the failure of the channel ceiling in the 4-hour timeframes. Also, pullback to the confirmation trend line is an uptrend.
In addition, a 5 wave is forming which is confirmed by Fibonacci ratios of these levels, of course, tomorrow's news should be considered because the price may behave contrary to our analysis. wish you luck . Please like and comment because every trader has something to say, thank you.
Trade active
The first target was touched.Profit: +85 pips
We can risk free to prepare for the second target
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