ICON 4H - Follow the pitchfork
Updated
Hi everyone,
Since the lows from December, the price for this pair has been pretty much within the edges of this pitchfork . There is a level that is showing high spikes of volume, around the Fibonacci level 0.386 and price 0.35500 , therefore that could be a nice entry point if the price decides to retrace till there, as there is reaction.
2 possible entries:
Range 1: 0.3599 - 0.3522
Range 2: 0.3498 - 0.3435
Potential gains between 10% and 25%, depending on the entry-
TP 1: 0.3773
TP 2: 0.3978
TP 3: 0.4314
If you can trail profit go for 0.45 and above
SL: 0.33
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Since the lows from December, the price for this pair has been pretty much within the edges of this pitchfork . There is a level that is showing high spikes of volume, around the Fibonacci level 0.386 and price 0.35500 , therefore that could be a nice entry point if the price decides to retrace till there, as there is reaction.
2 possible entries:
Range 1: 0.3599 - 0.3522
Range 2: 0.3498 - 0.3435
Potential gains between 10% and 25%, depending on the entry-
TP 1: 0.3773
TP 2: 0.3978
TP 3: 0.4314
If you can trail profit go for 0.45 and above
SL: 0.33
*Not financial advise, just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Trade active
TP1 HIT
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