There is so much going on in this chart, I will start by going into the longer time frames then finish off with our entry. If you look at the chart shown below we have recently broken out of our range on the weekly, this has given us our major on the 4h chart.
Now going into the 4h chart we have a with our D point just below the making it the perfect reversal zone, this adds extra confirmation to this trade.
The measurements for a valid are detailed below.
C: 0.382 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
Coming back into our original 4h chart we have our weekly acting as a major , solid PRZ zone with everything indicating a short position and becoming overbought... We're in for a huge trading opportunity.
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Thank you to https://www.tradingview.com/u/tntsunrise/ for the insight on this opportunity.
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