I wanna share this ambitious idea with the community, so I will try to explain in short terms what my reasons for this setup are.
1) We have a very nice harmonic setup forming up so our trade idea will only be valid and executed if the pattern is completed.
2) Long term trendline coming up
3) 61.80% of the bullish leg is a possible rejection level for the correction to stall and continue with another impulse
4) UK-EU talks to extend over the next month, but both sides are preparing for a No Deal Brexit which would invalidate our bullish bias if happens.
5) Your gut... c'mon, it's always that feeling that you have found a good idea ;)
Thanks for your time! Hope you liked my idea!
1) We have a very nice harmonic setup forming up so our trade idea will only be valid and executed if the pattern is completed.
2) Long term trendline coming up
3) 61.80% of the bullish leg is a possible rejection level for the correction to stall and continue with another impulse
4) UK-EU talks to extend over the next month, but both sides are preparing for a No Deal Brexit which would invalidate our bullish bias if happens.
5) Your gut... c'mon, it's always that feeling that you have found a good idea ;)
Thanks for your time! Hope you liked my idea!
Note
4H Chart
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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.