A lot of Fibonacci levels converging on the PRZ... Keep an eye on PA as soon as it goes over 0.71913
We need to wait for a totally defined D point, but numbers look like:
Entry: 0.71985
SL: 0.724 (aggresive. Couple of pips over 1.414 AB) or 0.7295 (conservative. Couple of pips over X)
TP1: 0.71229 (.236 1.82 RR)
TP2: 0.70760 (.382 2.97 RR)
TP3: 0.70381 (.500 3.86 RR)
We need to wait for a totally defined D point, but numbers look like:
Entry: 0.71985
SL: 0.724 (aggresive. Couple of pips over 1.414 AB) or 0.7295 (conservative. Couple of pips over X)
TP1: 0.71229 (.236 1.82 RR)
TP2: 0.70760 (.382 2.97 RR)
TP3: 0.70381 (.500 3.86 RR)
Trade active
And here we go...Trade closed: stop reached
I entered too aggressive on this one, by taking the trade as soon as PA reached D and a a very tight SL... resulting in a loss of 41 pips (live and learn... I always say that I wont do it again, but i keep doing it...)Nonetheless, PA has dropped +55 pips on the last 8 hours, so I might take this one on its way down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.