TaylorMaroto

Potential ABCD Pattern, entry during formation!

Alış
FOREXCOM:NZDUSD   Yeni Zelanda Doları / ABD Doları
NZDUSD

The pattern is not confirmed yet, however, I've decided to take a long entry on the price way up to point D, by this moment everything seems to be fine.

> Here are some important points:

- Market Main Trend: Downtrend
- Market Current Condition: 4Hrs Chart is making a correction.
- RSI and Stochastic Oscillator: 4 Hrs Chart are pointing up.

> Entry setup:

- Entry Point: 0.65122
- Stop Loss: 0.65062
- Take a Profit: 0.65317

Why am I getting out at 0.65317?
The chart pattern is not complete yet, at this point will be the 0.5 Fibonacci level which I think is pretty secure, considering the Bat Pattern could take place, this will be the key point.

It will be a good amount of pips 195 (profit) and only 60 pips (risk).

What do you guys think about this trade?

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.