A 20k buy came on the books out of nowhere. Maybe some new incoming. The stock has retraced approx. 80% and previous high. In the past the FIB 127 extension seems to be achieved off the back of news. The MACD Crossover is imminent.
As it was indicated in my previous BTC analysis, the price went up and then formed a shooting star candlestick, which is a reversal bar. There is a structure level at 10127, which acts as resistance level. However, it seems the price already started to go down, as the sellers momentum already there. Moreover, the BTC formed a Gartley pattern that reached a...
EURJPY battling to break the 127% extension. looking for trendline break to open up a potential retracement to 118.50. Will drop down to 60 min chart to look for short opportunities if we see a trendline break.
Just wanted to publish my trade as this is kind of lesson for me publishing my decisions.
Here played just bullish Gartley (D point confirmed by RSI and is on 127% of BC)
TP1 is 50% of XA (I know, this should be 61.8% at first, but let's try have better RR)
TP2 is less than 38.2% XA.