Hi traders!
I´ve got here one awesome possible trade opportunity. I´m expecting it to at least get to where the starting arrows are, which is a confluence between higher timeframe trendline, higher timeframe fib retracement level and good support zone. So, if we see bullish movement, we buy and TP to the TrendLine. We do not buy unless we have strong candlestick confirmation. If it breaks it, we buy again to TP1 (first pink line) and continue getting to our TP´s. It´s a good risk-reward ratio. Cash out with partials until it breaks first trendline.
What do you guys think? I´ll love hearing your ideas.
I´ve got here one awesome possible trade opportunity. I´m expecting it to at least get to where the starting arrows are, which is a confluence between higher timeframe trendline, higher timeframe fib retracement level and good support zone. So, if we see bullish movement, we buy and TP to the TrendLine. We do not buy unless we have strong candlestick confirmation. If it breaks it, we buy again to TP1 (first pink line) and continue getting to our TP´s. It´s a good risk-reward ratio. Cash out with partials until it breaks first trendline.
What do you guys think? I´ll love hearing your ideas.