1) Weekly chart still in downtrend (below 200EMA)
2) Retesting historic parallel channel cleanly (wick rejecting can be seen)
3) Rejecting 0.618 Fib
4) Catching the handle of a potential C&H pattern
TP at the last demand zone + Weekly FVG. To secure partials along the way.
2) Retesting historic parallel channel cleanly (wick rejecting can be seen)
3) Rejecting 0.618 Fib
4) Catching the handle of a potential C&H pattern
TP at the last demand zone + Weekly FVG. To secure partials along the way.
Trade closed: stop reached