Interesting Risk x Reward Trade
White Swan Pattern followed by a Bullish Divergence.
50 MA forming support on the daily chart, and 200 MA on the 4h chart, which also gives us a bullish divergence.
SL is right below the last low
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
White Swan Pattern followed by a Bullish Divergence.
50 MA forming support on the daily chart, and 200 MA on the 4h chart, which also gives us a bullish divergence.
SL is right below the last low
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.