D: Uptrend, retraced 23.6%, hit -27 FIB and broke below trendline.
4H: downtrend. Retraced 38.2% and hit -27 FIB + Double bottom @ 4h zone + Bullish divergence
1H: downtrend. Retraced 38.2% and hit -61.8 FIB + Bullish RSI
CURRENTLY:
Since price hi -61.8 on the 1H FIB + DBL Bottom on the 4H zone, I'm looking for price to reverse and go long to -27 on 1H FIB @ previous support.
Looking for 3 TPs along the way, using 1H FIB:
TP1 @ 0%
TP2 @ -27%
TP3 @ -61.8 (This is a swingtrade. Using trailing SL)
4H: downtrend. Retraced 38.2% and hit -27 FIB + Double bottom @ 4h zone + Bullish divergence
1H: downtrend. Retraced 38.2% and hit -61.8 FIB + Bullish RSI
CURRENTLY:
Since price hi -61.8 on the 1H FIB + DBL Bottom on the 4H zone, I'm looking for price to reverse and go long to -27 on 1H FIB @ previous support.
Looking for 3 TPs along the way, using 1H FIB:
TP1 @ 0%
TP2 @ -27%
TP3 @ -61.8 (This is a swingtrade. Using trailing SL)
Trade closed: target reached:
Hit TP 1 and 2. Closed TP3 in profit with trailing SL