Hey my followers,
On this setup i have identified;
1. Strong support area
2. 3rd touch on my vertical trendline.
This confluence of the aforementioned signals a strong High Probabilit Setup for me. As a result, this is a buy zone area. going upwards with multiple Take Profits along the way.
My Take Profits are simply base on Fibonacci zones. The 1st TP as shown on the Trendline is just a 50% of the last bearish structure. And the last one is just a 50% of the whole structure from where the Descending Support Trendline began.
This is my buy plan. Let's engage in the comments.
Cheers.
On this setup i have identified;
1. Strong support area
2. 3rd touch on my vertical trendline.
This confluence of the aforementioned signals a strong High Probabilit Setup for me. As a result, this is a buy zone area. going upwards with multiple Take Profits along the way.
My Take Profits are simply base on Fibonacci zones. The 1st TP as shown on the Trendline is just a 50% of the last bearish structure. And the last one is just a 50% of the whole structure from where the Descending Support Trendline began.
This is my buy plan. Let's engage in the comments.
Cheers.