What's up people? Hope you all have/had a great weekend. This is NOT ADVICE - just what I see.
SITUATION: D, 4H, 1H, & 15M in Uptrend
BACKGROUND: Been in an uptrend for quite some time.
ASSESSMENT: - Market Structure (zone - I like zones) HL - sitting at $0.90643 and $0.90574 & New HH sitting at $0.91349 - Retraced to 61.80% FIB Level AND potential ABCD Pattern forming - Counter Trend Lines Up Nicely: Once Candle Cross Counter Trend-line, Looking To Enter after 1st Candle Closes Above Counter Trend Line - Above 50 EMA - Waiting for Price Action aka Candlesticks to tell the rest of the story to determine entering for a "BUY": Look for that SNIPER ENTRY (Buy Limit) - Projected "Pull Back" to Fib Extension: -27.6% - Projected PIPS: 50 - 60
RESULTS: Pending
Trade closed: target reached
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Results: 44 Pips Gained (6 Pips Short of hitting 50 - which was my target) TP @ $0.91461