and now have retest 618 fib. there is still room for price to move up
it reacted well since it formed a bullish engulfing on it. we can aim for higher level, the final target is point D of harmonic bat.
for more safety the stop loss is to be placed much lower than below the bullish engulfing (because of high volatility)
Comment
4h analysis
Comment
daily analysis
Comment
*tp on chart is just an indication, you can have it at 1.20 like at 1.198 like at 1.202 , it all depends on your analysis. personally I opted for a tp at more or less 20 pips of my entry*
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.