Multiple confluent signals.
- Butterfly Advanced Pattern (not my favourite but it's an AB=CD pattern)
- 1,27 fib inversion
- 61,8 fib retracement
- Support (blue zone, look left for multiple times that price action react to that level.
- RSI oversold and divergence
- Butterfly Advanced Pattern (not my favourite but it's an AB=CD pattern)
- 1,27 fib inversion
- 61,8 fib retracement
- Support (blue zone, look left for multiple times that price action react to that level.
- RSI oversold and divergence
Note
I'm waiting for some time of consolidation between the two orange lines, forming a possible a falling wedge pattern. Price will test the support before finally break to the up side. Safe zone for Stop-loss under the 1.8600 price and support.
Order cancelled
Do not trigger my order.
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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.