Hi Guys,
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at 0.7605 (0.618 Fib)
S/L at 0.7210
R:R at 1.9
Please don't risk more than 2% of your capital
If there's no big news, this trade would look quite good
Feedbacks are always appreciated
Cheers!
Looking at this chart and i found that there were a few things that supported my idea:
1. Support at 0.7245 and reversal has begun at the 4H TF
2. Previous support at 0.7146 was never achieved
3. RSI supports the upward trend
I would expect a retracement period at 0.7430 (0.38 Fib) so you can take some profit here
But my main target would be:
T/P at 0.7605 (0.618 Fib)
S/L at 0.7210
R:R at 1.9
Please don't risk more than 2% of your capital
If there's no big news, this trade would look quite good
Feedbacks are always appreciated
Cheers!
Not
We care currently at the retracement period.I would take a closer look to see if the 0.618 is possible, i would expect a minor pullback at around 0.7420 before going up.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.