Chimbarosa

Completion of ABCD pattern and Inside Bar in the daily

Chimbarosa Updated   
OANDA:DE30EUR   Germany 30
In a nutshell (right now I am neutral; set-up described below; graphically you see the short set-up)

  • ABCD pattern completed on 22 Mai
  • Pullback to 0.236 FIB took place
  • Inside bar (daily) formed and might indicate a trend continuation or a reversal
  • Set-up I: Open short position if price move below 12,890 and aim for 0.382 FIB, i.e. 12,637; set SL @ 13,010
  • Set-up II: Open long position if price moves above 13.010 and aim for D, i.e. 13,200; set SL @ 12,890

This is just my personal opinion and not an advise.

Good trades
Trade active:
LI 13,010 SL 12,890
Trade closed manually:
Seems that we saw a fake move.
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