H4 - bullish market, making a retracement
H1 - downtrend after consolidation indicating that a retracement has started (red line). Waiting for a retracement from the downtrend to get short
M30 - bearish stair step trade (61.8 + 1.618 inversion)
Entry - 61.8 + 1.618 inversion
Stops - above previous highs
Profit - 1.272 extension
H1 - downtrend after consolidation indicating that a retracement has started (red line). Waiting for a retracement from the downtrend to get short
M30 - bearish stair step trade (61.8 + 1.618 inversion)
Entry - 61.8 + 1.618 inversion
Stops - above previous highs
Profit - 1.272 extension
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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.