New trading idea Head and shoulders short position waiting for a pullback and retest keep and eye out for areas of a struggled breakthrough as it may not hit 61.8 region
Wait for the test and then retest Careful wait for price action before entering.
Waiting for a re test for entry TP 1 + 2 = Good positions TP 3 if no reversal price action is shown at the 61.8 you can hold this position open to tp3. If At TP 2 it doesn't continue to push up close it. As it will continue into a downtrending market.
Should drop between 50- 100 pips trade with risk management
Short on daily +4 hourly 100 pips plus moving stop loss into profit
- 61.8 RETRACEMENT - Set alert 61.8 for a possible short in the next 8 hours - Expect 10-15 pip wick draw down - 60 pips from there to the weekly resistance zone - Trade with care - Risk Management
Looking for a good sell potential. Continuing the short position previously. 23 entry. swing trade - 50 + pips Trade at your own risk
Wait till a retest at the 61.8 before entry. Should continue to short - Swing trade or Intra day 50 pips +
50 RETRACEMENT LEVEL DOWN TRENDING MARKET TP - 30 PIPS TP - 60 PIPS TP - 100 PIPS
Elliot wave 61.8 retracement level
Trade at your own risk Trading idea not a signal Queen Fx
- 61.8 retracement - Daily resistance - Trend continuation
61.8 Retracement This is an idea NOT A SIGNAL use risk management and your own confirmations before entering.
- Expecting price to respect the TREND LINE, DAILY RESISTANCE. - Wicky inbetween the sell zone 61.8 and 78.6 retracement level - Sell limit at 78.6 retracement. - Wait for other price action conformations!