M= Market is in an uptrend
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R, Long term Fibbo Retracement Level of 38.2% and short term Fibbo Retracement Level of 61.8%
E= Trade a pullback from the two Fibbo Levels, wait for any rejection candle on an Hourly to Enter a BUY ( e.g Bullish Engulfing Candle or a hammer )
E= Exit on the 0% Fibbo Level, TP1= 1.22044
A= Area of Value: There is a multiple layer of Confluence: 50EMA Dynamic Resistance, TrendLine , Previous S&R, Long term Fibbo Retracement Level of 38.2% and short term Fibbo Retracement Level of 61.8%
E= Trade a pullback from the two Fibbo Levels, wait for any rejection candle on an Hourly to Enter a BUY ( e.g Bullish Engulfing Candle or a hammer )
E= Exit on the 0% Fibbo Level, TP1= 1.22044
Yorum:
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