Super bullish fiber
Alright folks, I took my time over weekend and looked at our beloved fiber again. The bullish wave that we managed to identify in our previous idea (see related ideas) seems to continue higher. as you can see in this chart we have marked even a greater reversal on daily chart with an inverted head and shoulders. Pertaining to this, the next most probable target I could find is the supply zone between 1.1 and 1.11. We still got ourselves a run for 100 pips which may happen in the upcoming week.
But that does not mean you should enter right away on Monday open. Give it some time let it break, give it time to retest the inverted HnS neckline and then we shall buy inshallah B).
Our focus should be on grabbing the best RR out of it. Lowest risk breeds best reward. Our queue to buy our lovely fiber will be when it gives some correction and rejects around the neckline. Have patience, do not make haste. I will update when I will enter myself.
Happy trading and ensure proper risk management :-) Cheers!
But that does not mean you should enter right away on Monday open. Give it some time let it break, give it time to retest the inverted HnS neckline and then we shall buy inshallah B).
Our focus should be on grabbing the best RR out of it. Lowest risk breeds best reward. Our queue to buy our lovely fiber will be when it gives some correction and rejects around the neckline. Have patience, do not make haste. I will update when I will enter myself.
Happy trading and ensure proper risk management :-) Cheers!
Trade active
Alright guys I am buying here
Order cancelled
sorry folks it is not happening
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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.
Related publications
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.