I see potential POI at 0.00004380
It should be a perfect buying opportunity with stop loss at 0.00004142
Reason;
I usually use Fib retracement as my basic strategy as well as support and resistance . I see a perfect retracement on golden zone 78.6 that is 0.00004365. Take profits are just truly based on inverse FIBS
Stop loss is set at 0.00004142 as it will break 1.00 on FIBS and make a new LL.
Keep you short loss small and profits big
This trade is 1:12.6 risk to reward ratio.
This is not financial advice. Invest only what you are prepared to lose and do not predict the movements, READ the charts.
Best wishes,
Zaki
It should be a perfect buying opportunity with stop loss at 0.00004142
Reason;
I usually use Fib retracement as my basic strategy as well as support and resistance . I see a perfect retracement on golden zone 78.6 that is 0.00004365. Take profits are just truly based on inverse FIBS
Stop loss is set at 0.00004142 as it will break 1.00 on FIBS and make a new LL.
Keep you short loss small and profits big
This trade is 1:12.6 risk to reward ratio.
This is not financial advice. Invest only what you are prepared to lose and do not predict the movements, READ the charts.
Best wishes,
Zaki
Trade active:
Trade just got active. It retested the POI and reversed beautifully.