Is beautiful to see the Fibo 61.8% level fits on pullback and end up with support level @ 1.13101 on Nov,
had to set up higher risk ratio due to support level 1.13101, it might build a new pullback base on drawn resistance trend line(along with HH & LH).
2 entry option,
1 ; short at 1.13101 , TP base on your risk & reward ratio.
2 ; wait for pullback, short at highest peak of resistance trend line.
have a good weekend :)
had to set up higher risk ratio due to support level 1.13101, it might build a new pullback base on drawn resistance trend line(along with HH & LH).
2 entry option,
1 ; short at 1.13101 , TP base on your risk & reward ratio.
2 ; wait for pullback, short at highest peak of resistance trend line.
have a good weekend :)
Note
boom! market passed 1.13101, pullback or continuation will continue?Note
Note
Right shoulder failed, run on downtrend, focusing on heading to 78.60%
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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.