AB=CD and X-A 1.27 extension confluence - potential long trade
Rationale
1.25 round number.
1.25 provided significant resistance previously - hopefully now support.
1.27 Projection of X-A leg comes in around 1.25.
AB=CD also hits similar price area.
RSI bullish divergence (not as strong as I would like to see, but divergence all the same)
Targets
Looking at a retracement up to 1.2583 and potential further movement upwards to 1.2627
Stops
Quarter risk trade minimal stop around 30 points.
1.25 round number.
1.25 provided significant resistance previously - hopefully now support.
1.27 Projection of X-A leg comes in around 1.25.
AB=CD also hits similar price area.
RSI bullish divergence (not as strong as I would like to see, but divergence all the same)
Targets
Looking at a retracement up to 1.2583 and potential further movement upwards to 1.2627
Stops
Quarter risk trade minimal stop around 30 points.
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.