KLNT1111

KLNT1111 Updated 

REASONS FOR TRADING -RETEST OF A PREVIOUS MAJOR LOW (NOW ACTING AS RESISTANCE) ON THE 4H TF - TIP OF 50EMA -61.80% FIB PROFITS SHOULD BE TAKEN AT: - FIB EXTENSION LEVELS -1.72500 REGION 1) FOLLOW YOUR OWN ANALYSIS 2) USE RISK MANAGEMENT 3) WAIT FOR THE APPROPRIATE CANDLE CLOSURES THIS IS JUST A SCENARIO, DOESNT MEAN TRADE WAS EXECUTED IF THE...

KLNT1111 Updated 

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KLNT1111

If the 4h closure closes respecting the previous low , we could see a trend continuation to the 1.07775 lows.

KLNT1111

REASONS FOR TRADING RETEST OF A PREVIOUS MAJOR HIGH ON THE 4H TF - TIP OF 50EMA -61.80% FIB PROFITS SHOULD BE TAKEN AT: - 1.300 REGION/ FIB EXTENSION AREAS 1) FOLLOW YOUR OWN ANALYSIS 2) USE RISK MANAGEMENT 3) WAIT FOR THE APPROPRIATE CANDLE CLOSURES THIS IS JUST A SCENARIO, DOESNT MEAN TRADE WAS EXECUTED IF THE CONDITIONS CHANGED

KLNT1111

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KLNT1111 Updated 

ENTRIES AT 1.2300 REGION BECAUSE OF: -BREAK AND RETEST OF PREVIOUS LOW - TIP OF 50EMA -61.80% FIB -PSYCH LEVEL PROFITS SHOULD BE TAKEN AT: -27% FIB LEVEL (WHICH IS ALIGNINING WITH A LOW) -1.0800 REGION 1) FOLLOW YOUR OWN ANALYSIS 2) USE RISK MANAGEMENT 3) WAIT FOR THE APPROPRIATE CANDLE CLOSURES THIS IS JUST A SCENARIO, DOESNT MEAN TRADE WAS EXECUTED IF...

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KLNT1111

- On the smaller timeframes we can see price successfully following the fib retracement to extension scenario. Breaking through the huge WEEKLY double bottom, and having a close that respects the -161.8 extension level. We also have a potential 50EMA REJECTION on the 1H. However , there is a question arising: Is this the reversal point for a bigger retracement...

KLNT1111

BREAK AND RETEST ON THE 4H 61.8 AND 50 FIB RESPECT DOWNSIDE CONTINUATION TO -27.0 WHICH IS THE PSYCHOLOGICAL LEVEL OF 200