Confluences to long:
1) Price is continuously forming Higher Highs &Higher Lows
- indication we are in an up trend
2) Candlestick rejection at Kijun Sen (entry point)
3) Looks to be unfolding into the D leg of an ABCD
corrective structure
4) Kumo cloud is bullish and widening
5) Break through of R1 and 0.5 fib retracement
6) Targets align at conflunence of 0.618 fib retracement
and 1.618 extension of move B-C. Stop Loss just
below the CTL
1) Price is continuously forming Higher Highs &Higher Lows
- indication we are in an up trend
2) Candlestick rejection at Kijun Sen (entry point)
3) Looks to be unfolding into the D leg of an ABCD
corrective structure
4) Kumo cloud is bullish and widening
5) Break through of R1 and 0.5 fib retracement
6) Targets align at conflunence of 0.618 fib retracement
and 1.618 extension of move B-C. Stop Loss just
below the CTL
Trade closed: stop reached
Annoying this one as I still believe we will head higher from hereNote
after stopping us out by 10 pips...the price then rallied upto our TP area before dropping. All these moves were predicted which is nice to see. This is why post trade analysis is crucial
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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.