Hey traders,
i've kept an eye on this pair for a few days now. The AB=CD pattern is now complete and we are sitting right at the structure level i waited for (black line).
We also have a Cypher already completed, a psychological number and RSI divergence.
This level happens to be 38.2 of the daily's impulse leg.
I only need a candlestick formation in order to enter long. Risk to reward ratio seems very nice.
If you have any question or remark, please comment below.
Otherwise, see you in the next chart!
i've kept an eye on this pair for a few days now. The AB=CD pattern is now complete and we are sitting right at the structure level i waited for (black line).
We also have a Cypher already completed, a psychological number and RSI divergence.
This level happens to be 38.2 of the daily's impulse leg.
I only need a candlestick formation in order to enter long. Risk to reward ratio seems very nice.
If you have any question or remark, please comment below.
Otherwise, see you in the next chart!
Trade active:
I took this pattern as entry reason
Trade closed: target reached:
Sold a third of the position at 140,20. 100 pips locked in for the weekend. Stop at break even. Let's see if it continues to go up.
Trade closed: stop reached:
Out the remaining position for about -180 pips (price gapped down). The previous +100 pips lighten the loss. You have to accept these risks when trading. Now back to the charts!