Short trade combining supply zone with pattern confluences
Area to watch for a potential turning point.
The price is entering a Daily supply zone with an 88.6 Fibonacci confluence. Nice risk/reward on this trade with two
potential targets on structure.
Any other confirmation will be added to strenghten the probability :
-RSI divergence
- Advanced pattern on lower timeframe (short within the supply area)
-Conventional pattern (short : flag, penant, Head&Shoulders...)
Keep it simple and happy trading.
The price is entering a Daily supply zone with an 88.6 Fibonacci confluence. Nice risk/reward on this trade with two
potential targets on structure.
Any other confirmation will be added to strenghten the probability :
-RSI divergence
- Advanced pattern on lower timeframe (short within the supply area)
-Conventional pattern (short : flag, penant, Head&Shoulders...)
Keep it simple and happy trading.
Trade closed manually:
Target 1 hit - Stop loss moved to breakeven