Hello Traders
US Dollar Currency Index - TVC.
Formation Analysis
Possible Formation of Head & Shoulder in continuation.
Trend : Downward.
Formation : Parallel Channel Formation (In Progress)
Possibility : Bullish continuation
Probability to hit tragedy: 55.00%
Idea supporting parameters: FIB Level 61.8% honored 6 times during 6 months interval.
Divergence: A visible Bullish divergence appeared on the RSI-Indicator.
Bearish trend in the price action showing a possible reversal of price.
Trade Plan.
Long / Buy Trade.
Entry Point above on the neckline of the Head n Shoulder pattern with a bullish candle @ 104.465
Take Profit - 1 : Below the FIB level 78.6% @ 106.189
Take Profit - 2 : Below the 4 Hour support level @ 107.172
Take Profit - 3 : Below the FIB level 61.8% / Below the Daily Resistance zone @ 108.257
Stop Loss @ 103.85
With the Significance of FAT No. Better to Put stop Loss below the FAT No 104 and
on the 4 Hour Support level 103.95
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 850 units @ 5% Risk
TP - 1 = Total PIPS in gain = 1724 Profit 1.67 %
TP - 2 = Total PIPS in gain = 2770 Profit 2.63 %
TP - 3 = Total PIPS in gain = 3792 Profit 3.64 %
Total PIPS in Stop loss = 519 Loss 0.48%
Regards.
US Dollar Currency Index - TVC.
Formation Analysis
Possible Formation of Head & Shoulder in continuation.
Trend : Downward.
Formation : Parallel Channel Formation (In Progress)
Possibility : Bullish continuation
Probability to hit tragedy: 55.00%
Idea supporting parameters: FIB Level 61.8% honored 6 times during 6 months interval.
Divergence: A visible Bullish divergence appeared on the RSI-Indicator.
Bearish trend in the price action showing a possible reversal of price.
Trade Plan.
Long / Buy Trade.
Entry Point above on the neckline of the Head n Shoulder pattern with a bullish candle @ 104.465
Take Profit - 1 : Below the FIB level 78.6% @ 106.189
Take Profit - 2 : Below the 4 Hour support level @ 107.172
Take Profit - 3 : Below the FIB level 61.8% / Below the Daily Resistance zone @ 108.257
Stop Loss @ 103.85
With the Significance of FAT No. Better to Put stop Loss below the FAT No 104 and
on the 4 Hour Support level 103.95
Lot Size :
Portfolio Size 10000
Risk to Reward 1 : 1
Lot size 850 units @ 5% Risk
TP - 1 = Total PIPS in gain = 1724 Profit 1.67 %
TP - 2 = Total PIPS in gain = 2770 Profit 2.63 %
TP - 3 = Total PIPS in gain = 3792 Profit 3.64 %
Total PIPS in Stop loss = 519 Loss 0.48%
Regards.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.