1. daily chart has two previous inside day bars
2. trend is down/ price at 50% fib level on this last larger move down which included the break down
3. price broke down then retraced back up found resistance
4. lets see if price will rotate back over and head down, will initiate trade to the short side should this last 30 min
indecision candle have price trade below the 1.77999 risk will be small and the gains could be large
25/ 30 pip stop for 100 plus gains 1:4
2. trend is down/ price at 50% fib level on this last larger move down which included the break down
3. price broke down then retraced back up found resistance
4. lets see if price will rotate back over and head down, will initiate trade to the short side should this last 30 min
indecision candle have price trade below the 1.77999 risk will be small and the gains could be large
25/ 30 pip stop for 100 plus gains 1:4
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.