Breakout + Retest at an area of Confluence
Lets see how this on goes..
On the 4hr timeframe i will be looking for a break out
at the confluence area..
As you can see, my take profit is at the 61.8 fib level, and as you can see that area is a previous resistance zone..
On the 4hr timeframe i will be looking for a break out
at the confluence area..
As you can see, my take profit is at the 61.8 fib level, and as you can see that area is a previous resistance zone..
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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.