Hello and welcome to my first idea. Though I am starting out I would like to publish here my ideas for trades to get a bit of feedback from others. :)
So far we have seen ABC correction. Now I expect to see retest of 1765 resistance level on monthly time frame.
Coming down to weekly:
We have resistance trendline potencial double bottom. If we break 1765 level I believe that we will get another retest of the trend line and weekly level around 1800.
Daily/4h:
After breaking 1722 level I am looking for a retest. It has confluence with fib 0,382 fib as well EMA 8.
Trade set up:
Orders between 1715-1722
SL 1704
TP1: 1765
TP2: 1800
Wish you happy easters and looking forward to your thoughts!
Jan
So far we have seen ABC correction. Now I expect to see retest of 1765 resistance level on monthly time frame.
Coming down to weekly:
We have resistance trendline potencial double bottom. If we break 1765 level I believe that we will get another retest of the trend line and weekly level around 1800.
Daily/4h:
After breaking 1722 level I am looking for a retest. It has confluence with fib 0,382 fib as well EMA 8.
Trade set up:
Orders between 1715-1722
SL 1704
TP1: 1765
TP2: 1800
Wish you happy easters and looking forward to your thoughts!
Jan