I have opened a short position in the Potential Reversal Zone (PRZ) at around 1.3080.
Good risk/reward with stops above the PRZ and targets at 1.2950
Target has Fibonacci confluence with a 786 retracement & a 1.27 extension.
Price Action reason for entry was the strong bearish candle close below the structure level.
Entry was made and is more evident on the 1 hour chart.
Strong bearish close and a minor pullback.
Good risk/reward with stops above the PRZ and targets at 1.2950
Target has Fibonacci confluence with a 786 retracement & a 1.27 extension.
Price Action reason for entry was the strong bearish candle close below the structure level.
Entry was made and is more evident on the 1 hour chart.
Strong bearish close and a minor pullback.
Nota
Position closed + 111 pips
Nick of Jupiter
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.
Nick of Jupiter
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.