A possible bullish scenario for today. I am not a financial advisor this is a simple idea for the short-term. Please remember to use appropriate risk management.
Buy zone determined by a break above both 0.618 fib levels and above bottom trendline .
Targets coincide with 0.236 levels and top trendline . If we break the top trendline on the 3rd wave the target is TP2.
Buy zone determined by a break above both 0.618 fib levels and above bottom trendline .
Targets coincide with 0.236 levels and top trendline . If we break the top trendline on the 3rd wave the target is TP2.
Trade active:
Officially made significant moves out of the entry zone. Trade is now active, entry beyond this point is too risky.
Trade active:
First TP has been hit. SL to entry.
Trade closed: stop reached:
Barely missed TP2. But Price returned to entry and trade is closed. Stil a WIN.