Price is currently trying to break the previous high. If it fails to breakthrough forming a new high, it will create a subtle double top pattern for a correction. A short entry can be taken to capture the downward movement towards the FIB level before the next impulse for the trend continuation.
The counter-trend entry should be monitored cautiously, as the price could revert before reaching the T/P level. If everything, as forecasted, happens, it will also allow the setup of a long entry after confirmation of bullish continuation.
The order:
Type: sell-stop
S/L: 53 pips - R:R | 1:2 -
T/P: FIB level
--
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The counter-trend entry should be monitored cautiously, as the price could revert before reaching the T/P level. If everything, as forecasted, happens, it will also allow the setup of a long entry after confirmation of bullish continuation.
The order:
Type: sell-stop
S/L: 53 pips - R:R | 1:2 -
T/P: FIB level
--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
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FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
TWITTER
twitter.com/ogfxtrader
FACEBOOK
facebook.com/ogfxtrader
INSTAGRAM:
instagram.com/og.fxtrader
FREE TELEGRAM:
t.me/ogfxtrader
twitter.com/ogfxtrader
facebook.com/ogfxtrader
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.