Daily chart shows a very strong bearish trend, also D extension hasnt achieved yet..
now looking at the H1 timeframe we have a greta setup here..
-ABCD FORMATION
- trendline rejection with a long wick
ENTRY: SHORT
-stops 20 pips above c retracement at 1.30737
-profit taking just 30-40 pips above the fib extension at 1.2687
Great risk/reward and strong trend! HAPPY TRADING! ENJOY! :D
now looking at the H1 timeframe we have a greta setup here..
-ABCD FORMATION
- trendline rejection with a long wick
ENTRY: SHORT
-stops 20 pips above c retracement at 1.30737
-profit taking just 30-40 pips above the fib extension at 1.2687
Great risk/reward and strong trend! HAPPY TRADING! ENJOY! :D
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Related publications
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.