There are a few things that lined up for this trade:
Overall trend for the pair is down, the market is coming into a strong resistance where there are plenty of buyers trapped. Enter at the "golden ratio"
High probability setup overall
Overall trend for the pair is down, the market is coming into a strong resistance where there are plenty of buyers trapped. Enter at the "golden ratio"
High probability setup overall
Trade closed: target 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.