Triggered at strong ResistanceH4, i've a short position with target near ResistanceW1 (now support).
Synced with the 61.8% level of Fib Extension from A to B, and looking back the structure on daily chart, we can imagine a possible retracement to the 23.6% level of all the move from Support W1 to ResistanceH4.
Eventually, breaking ResistanceW1 (now support), it can fall to a larger movement to SupportD1 level with the nearest target close to the 50% extension (something like 50 pips from resistanceW1), last TOP from April 29, and then the fall, if not a false break, to the 61.8% fib retracement.
Wishes of profitable trades.
Synced with the 61.8% level of Fib Extension from A to B, and looking back the structure on daily chart, we can imagine a possible retracement to the 23.6% level of all the move from Support W1 to ResistanceH4.
Eventually, breaking ResistanceW1 (now support), it can fall to a larger movement to SupportD1 level with the nearest target close to the 50% extension (something like 50 pips from resistanceW1), last TOP from April 29, and then the fall, if not a false break, to the 61.8% fib retracement.
Wishes of profitable trades.
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。