M= Market is in an uptrend
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R, Long term Fibbo Retracement Level of 38.2% and short term Fibbo Retracement Level of 61.8%
E= Trade a pullback from the two Fibbo Levels, wait for any rejection candle on an Hourly to Enter a BUY ( e.g Bullish Engulfing Candle or a hammer )
E= Exit on the 0% Fibbo Level, TP1= 1.22044
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R, Long term Fibbo Retracement Level of 38.2% and short term Fibbo Retracement Level of 61.8%
E= Trade a pullback from the two Fibbo Levels, wait for any rejection candle on an Hourly to Enter a BUY ( e.g Bullish Engulfing Candle or a hammer )
E= Exit on the 0% Fibbo Level, TP1= 1.22044
Note
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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.