Mates, here's the bat pattern with a potential reversal zone of 0.7614-0.7624. Will be looking for short within this area.
Trade closed: target reached
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two targets reached.
Comments
Melchizedek
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Maybe a bounce now, or watch for a close below the TRENDLINE.
Melchizedek
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@Melchizedek, The DAILY CHART suggest a move lower to fulfill the previous LARGER advanced pattern, probably to its 38.2% retracement level. Time will tell!
Melchizedek
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@Melchizedek, There's a nice little bounce, and $100 for the kitty. But what now is it going to do? I'm looking to the LONGER Time Frame for that...
Melchizedek
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@Melchizedek, BACK to the DAILY chart, the breakout of the last DOWN-TRENDING CHANNEL has created a new CHANNEL... see it? EYES OPEN everyone, and Good Hunting!
Melchizedek
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@Melchizedek, How HIGH will the little bounce go? I dunno, but I planned to get out at 38.2% retracement from the recent high.
Melchizedek
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CONGRATS AGAIN; and thank you for sharing your insights!
higunraya
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TP?
Alexander_Nikitin
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@higunraya, why do you all need my tp? do you want to calculate my money?... or you want to know my tp to place yours? if this is the case then the tp is the level that is written in your trading plan!