The structure shows price in a correction, meaning there is one more push upward. But considering the levels of support, if the first is broken. I'm selling to the next one, then move to BE. If the second one is broken, my target should be the next fibbonaci expansion level. In case the second level isn't broken, I'll consider some longs.
Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.
Just an idea, not a signal. Compare it with yours and leave a comment, letting me know what you think.
Note
Price made a higher high and higher low. I'm waiting the break of the trend and the last higher low before going short.SL & Entry point are adjusted.
Note
Candle formation:Trade active
Trade closed: target reached
First TP Hit. Move STOP to BE for the second trade.Trade closed: target reached
Second TP hit !
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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.