Technical Analysis
1. Large Pennant
2. Fibonacci Retracement bounced off 0.786 (Silver Zone) in mid March 2021
3. 1st Take profit will be on Major Resistance Level, expect the market to move downwards for a pullback before rising to 2nd Take Profit level
3. Fibonacci Expansion 1.654 (2nd Take Profit) is mirroring a potential pullback which will allow the market to bounce for previous resistance level now turned support.
4. Final Take Profit is at Fibonacci Expansion Zone of 1.618 (Golden Zone for Expansion Take Profit) in which would also complete our Pennant's Flagpole
Let market fall/sell to 1.19109171 then buy till our 1st Take Profit at 1.44765257. - DONE ✔️
Wait for the market to fall back to 1.27897369 then re-enter to a buy to our 2nd Take Profit at 1.65572097. - WAITING 🔔
Wait for the market to pullback to levels around 1.44765257 to re-enter for our Final Take Profit at 2.06991149 - WAITING 🔔
alternatively, YOU CAN JUST HOLDD FROM your 1st RE-ENTRY!
1. Large Pennant
2. Fibonacci Retracement bounced off 0.786 (Silver Zone) in mid March 2021
3. 1st Take profit will be on Major Resistance Level, expect the market to move downwards for a pullback before rising to 2nd Take Profit level
3. Fibonacci Expansion 1.654 (2nd Take Profit) is mirroring a potential pullback which will allow the market to bounce for previous resistance level now turned support.
4. Final Take Profit is at Fibonacci Expansion Zone of 1.618 (Golden Zone for Expansion Take Profit) in which would also complete our Pennant's Flagpole
Let market fall/sell to 1.19109171 then buy till our 1st Take Profit at 1.44765257. - DONE ✔️
Wait for the market to fall back to 1.27897369 then re-enter to a buy to our 2nd Take Profit at 1.65572097. - WAITING 🔔
Wait for the market to pullback to levels around 1.44765257 to re-enter for our Final Take Profit at 2.06991149 - WAITING 🔔
alternatively, YOU CAN JUST HOLDD FROM your 1st RE-ENTRY!
Trade active:
I have linked and updated the analysis based on the current ADA short-time frame movmenets.
