Making $90 in 3 minutes
This trade here was a 4:1 trade idea we had.
Today is Thursday and we saw the market trade higher and take BSL. On the Daily chart we see a major Bearish Engulfing candle, we also had the blue are which is a previous bearish OB that was used as support previously and then was broken -- I then expected this area to be used as resistance.
We then saw the Breaker block created within this Blue OB area which conveniently enough was also near/within the Daily Gap high and Low.
Taking the fib from high to low we entered at exactly 0.618 for the sell after the 3 candle confirmation.
Today is Thursday and we saw the market trade higher and take BSL. On the Daily chart we see a major Bearish Engulfing candle, we also had the blue are which is a previous bearish OB that was used as support previously and then was broken -- I then expected this area to be used as resistance.
We then saw the Breaker block created within this Blue OB area which conveniently enough was also near/within the Daily Gap high and Low.
Taking the fib from high to low we entered at exactly 0.618 for the sell after the 3 candle confirmation.
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.