In my view this is a good quality technical setup with low risk
1. Good support on the weekly time frame
2. Inverse head and shoulder pattern on D1 - a reversal pattern found on major support? How lucky :)
3. Pullback to the fibonacci zone
4. Pin bar signal candle
5. Moving average pinned
This trade setup can be traded with a provisional target and if the resistance pops there can be MUCH more profit that can be realized.
See the daily time frame view
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
1. Good support on the weekly time frame
2. Inverse head and shoulder pattern on D1 - a reversal pattern found on major support? How lucky :)
3. Pullback to the fibonacci zone
4. Pin bar signal candle
5. Moving average pinned
This trade setup can be traded with a provisional target and if the resistance pops there can be MUCH more profit that can be realized.
See the daily time frame view
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg/sf/ZN3TE
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.