LOOKING FOR SHORT ENTRY
CURRENT PRICE:
T1: -27% fib ~ @117.400
Potentially good risk:reward
Stops will be relatively tight BECAUSE, @120.350 to ~120.700 there are stop losses of short trades from those shorting from the top of the triangle structure. As a result there may be an attempt for price to hit that zone before tumbling to create lower lows.
- Re-test of triangle structure
- Hitting prior support, now resistance
- Retracement to 61.8% fib
- Big wick on previous h4 candle
T1: -27% fib ~ @117.400
Potentially good risk:reward
Stops will be relatively tight BECAUSE, @120.350 to ~120.700 there are stop losses of short trades from those shorting from the top of the triangle structure. As a result there may be an attempt for price to hit that zone before tumbling to create lower lows.
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.