We have a shark pattern, a new high on the 4 hour, it looks like price has changed character, we may see the trendline below break one more time before a possible move up but I am entering based off what I see, the blue line is a 61.% Fib and The take profit is at the B point of the shark and 50% Fib spot.
Risk Return is 2.75-3.00 depending how you play it
Risk Return is 2.75-3.00 depending how you play it
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Each week, I send an email breakdown of the best forex setups, watch zones, and market trends so you can trade with confidence.
Your next setup is waiting—Subscribe for access to my weekly outlooks.
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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.