A support level on the daily chart happens to be the Harmonic Optimal Price(HOP) of the bullish butterfly pattern on the 1-hourly chart, and it is set up for a countertrend trade.
It does provide a great reward: risk the only thing is that on the daily chart, it is also the consolidation of a bearish bat after Point D completion.
Just remember not to overtrade this, you should be fine.
It does provide a great reward: risk the only thing is that on the daily chart, it is also the consolidation of a bearish bat after Point D completion.
Just remember not to overtrade this, you should be fine.
Trade closed: stop reached
Hit stop loss -32
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🕒 Work 15mins to earn additional income
🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🧑🏫 18yrs in coaching
🚀 Get into our Discord to receive our live market analysis!
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🏦 Qualify Financial Analyst within 90days
🎤 Keynote Speaker
🧠 21yrs in trading
🧑🏫 18yrs in coaching
🚀 Get into our Discord to receive our live market analysis!
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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.