Trade idea - USDHUF Long
Updated
4H
Corrective approach towards entry zone.
-27 Fibonacci completion aligning with entry zone.
Ascending trend line holding up the price.
= Buy limit.
Bullish M pattern also there as extra evidence.
0.3% risk.
Corrective approach towards entry zone.
-27 Fibonacci completion aligning with entry zone.
Ascending trend line holding up the price.
= Buy limit.
Bullish M pattern also there as extra evidence.
0.3% risk.
Note
MONTHLY
Inverse Head & Shoulders pattern potentially in play.
Clear support & resistance zone is there.
Note
WEEKLY
Double bottom pattern can be in play, with fake out towards the Monthly zone.
-27 Fibonacci has been completed.
Note
DAILY
Bullish impulse / new HH: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Trade active
Involved.Trade closed: stop reached
-0.3%. I was doing an FTMO challenge trying to get funded with 50K. Drawdown limit got hit. Failed this challenge. Time to evaluate. I will learn from my mistakes & try again soon. Great things don't come easy.
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