Bearish BAT
GJ is in the Golden zone and in a Potential Reversal Zone that can create a pull back with some nice amount of pips
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PRZ:
- BC: 1.618 Fib Ext
- ABCD: 1 Fib Ext (in the CD leg)
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1) Out of Bollinger Bands? YES (H2)
2) RSI divergence? YES (H2)
3) SR - GZ - TL - QP? YES (SR, GZ)
4) Rejection type? No
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- Entry Price: 136.000
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- SL: 60 pips (136.600)
- TP1 (at 38.2 Fib): 165 pips(134.550)
- TP2 (at 61.8 Fib): 255 pips (133.550)
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Wait for a Bearish confirmation ( Bearish Pin Bar , Double top , ...) to go SHORT
GJ is in the Golden zone and in a Potential Reversal Zone that can create a pull back with some nice amount of pips
|
PRZ:
- BC: 1.618 Fib Ext
- ABCD: 1 Fib Ext (in the CD leg)
|
1) Out of Bollinger Bands? YES (H2)
2) RSI divergence? YES (H2)
3) SR - GZ - TL - QP? YES (SR, GZ)
4) Rejection type? No
|
- Entry Price: 136.000
|
- SL: 60 pips (136.600)
- TP1 (at 38.2 Fib): 165 pips(134.550)
- TP2 (at 61.8 Fib): 255 pips (133.550)
|
Wait for a Bearish confirmation ( Bearish Pin Bar , Double top , ...) to go SHORT
Trade closed: target reached
TP 1 Reached
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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.