Reason To Trade :
1. It's Show weakness of this pair , The buyer can't push the price up .
2. It's ctreate decending triangle pattern .
3. Fibonacci 0.618
4. DownTrend in MAJOR time frame ( weekly)
Reason To Trade :
1. 3 Times the channel line being Respected .
2. There is a doji candle stick pattern that show reversal from 2 red candle from 2 previous days.
3. It's form Higher high Higher high
4. The price in the golden point of FIbonacci (0.618)
Notes :
I just risk 1 % from my equity since the RR so high , Manage ur risk carefully Cheers :)
Share your...
Reason To Trade :
Daily chart:
1. 2 Times the channel line being Respected . There is a porbability that will be respected again since its a strong resistance .
2. EMA 200 is almost being respected that become the New Resistance.
4H chart:
1. A strong support that become resistance that being respected once .
2. a good Pull back with all the other factors.
Reason To Trade :
Daily chart:
1. 3 Times the channel line being Respected .
2. From the rectangle line its clearly we can see there is a strong resistance.
3. It's form lower low higher low.
4. The price in the golden point of FIbonacci (0.618)
Weekly Chart :
Posibility XABCD
Plan :
when the price goes to the plan i will tp half in 5R and Move SL to 4R ,...
Reason To Trade :
1. It's Show weakness of this pair , The buyer can't push the price up .
2. It's ctreate decending triangle pattern.
3. Potential Heand and shoulder pattern .
Trading Plan :
1.if its goes to the plan i will take profit half once it hits 5 R , and set my SL to 4 R .
2. And let the trend run since trend is OUR friend ( Potential big Downtrend...
