-Major 38.2 Fibonacci retracement. -Minor 78.6 Fibonacci retracement lining up with the major Fib. -End of major & minor channel resistance. -ABCD pattern projection to complete at the end of both channels. -Major counter-trendline resistance.
Either you want to be aggressive or conservative, both scenarios offer a good risk to reward ratio. Aggressive: 6.87+ RRR, Conservative 2.93+ RRR.
Take entry either at the confluence zone (Yellow Zone) or wait for a candlestick confirmation.
Aggressive SL: 68.150 Conservative SL: 68.350
TP1: 67.300 TP2: 66.950 TP3: 66.600
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.