Broke and retested H4 TL
Updated
Opened up a sell position. Broke and is holding H4 TL. TP target is 38.2 fib.
Trade active
Opened up a sell position. Broke and is holding H4 TL. TP target is 38.2 fib.Trade active
Pulled back to perform a seller stop hunt, took the opportunity to enter at an even better price! I have a second sell in at 1341.25. Still targeting initial 38.2 fib. This is going to sell off this week. Divergence is showing now on the H4 chart. Price also hitting a solid supply zone that's strong, and near the D1 upper descending channel. 3+ confluences as this price area for a good sell off this week! Holding some DD from initial entry, prolly got in a little early on that one.Trade active
In good profits now. I am protecting profits with SL. I am watching the 61.9 area for reversal on this sell. If it blows thru I am targeting the 78.6 fib whereas there is a S1 PP in that area as well. Today is a lot of USD news so I will be watching carefully. :)Trade closed: target reached
61.8 fib, closed both sells. Good Profits!
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.