After a strong sign of bulls almost closed above previous structure Im looking for retraceent at 0.618 FIB + structure level to go long . target is around trend line and 0.5 or 0.618 Fibonacci level of the bigger leg
The weekly chart shows a channel and in 4h we have a strong sign of bullish tenancy . Also another channel in 4h . So I took the trade at the button of 4h channel unfortunately just cant upload pictures in tradingview. target is on 0.618 weekly and structure level around 180 pips.
The sign of bearish trend was clear and the level of structure can be another reason to get involved with this pair . The target is on 0.382 daily Fibonacci probable pullback and stop loss above 0.618 leg of impulse move. So we dont want to stopped out because of an interior retracement.
the gartely pattern at 4h. good chance for break out as market showed a weak uptrend in a channel. but in other hand its a conservative sell cause in daily we have structure + 0.618 FIB level. as you can see all elements should be considered so i took the trade yesterday i knew bears will come but know as a swing trader i doubt to keep my stop loss where it was....
