A crash to 0.3 with two golden ratio confluence of AB and AD leg
If market will crash, 0.3 would be my price level to re-enter long or my price of interest for me to take a long/buy trade upon confirmation. A bearish divergence can also be observed!
A confluence of two golden Fibonacci ratio of 61.8 AB and AD structure can be seen and a bearish APF has been completed already near 0.7 (psych. price) giving market a reaction right away.
I could be wrong. Took a long/buy trade since 0.02 - 0.05 and will proactively managed my positions from there.
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
A confluence of two golden Fibonacci ratio of 61.8 AB and AD structure can be seen and a bearish APF has been completed already near 0.7 (psych. price) giving market a reaction right away.
I could be wrong. Took a long/buy trade since 0.02 - 0.05 and will proactively managed my positions from there.
Abbreviations / Keywords:
LTF - Lower Time Frame
HTF - Higher Time Frame
TF - Time Frame
TRS - Trend Reversal Strategy
CRT - Counter-Retail Technique / Break-out
APF - Advance Pattern Formation
W4C - Waiting for Confirmation
SL - Stop loss
TP - Target Profit
POR - Point of Ruin
Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
