Bias Long as per Breakout of Trend Analysis on H4
Why?
New HH (from HH to LH pattern)
Hit .618 Fib as measure from Point 0 to a
Additional bias:
Close of next candle after hitting .618 was not within the diagonal trend
.: Upward Trending
Buy at 1.13645
SL: ATR x 2 = 60 pips = 1.13585
TP1: 1.14005
Risk/Reward Ratio: 2.31
For Learning Purposes Only
Why?
New HH (from HH to LH pattern)
Hit .618 Fib as measure from Point 0 to a
Additional bias:
Close of next candle after hitting .618 was not within the diagonal trend
.: Upward Trending
Buy at 1.13645
SL: ATR x 2 = 60 pips = 1.13585
TP1: 1.14005
Risk/Reward Ratio: 2.31
For Learning Purposes Only
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.
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.