It seems that I entered early on XAGUSD, and got stopped out. This time, I zoomed out to the daily chart and found a high volume node on the profile (yellow/blue rectangular channel), which I selected as an entry target. For reference, the bottom of the node is at $3.095.
I'm a bit surprised that price rose up so fast to meet it, but I'm glad I was up late and saw it happen.
This time, the Stop is above the volume node and above the nearest VWAP, which, along with the other line-work, offer more compelling resistance. The value of $31.272 is selected only to even out the R:R ratio.
The profit target is derived by the potential for a harmonic pattern to complete at the 2.227 extension of the ABC legs. Potential partial profit targets are marked along the way, including the 1.618 extension at +/- $30.47.
I'm a bit surprised that price rose up so fast to meet it, but I'm glad I was up late and saw it happen.
This time, the Stop is above the volume node and above the nearest VWAP, which, along with the other line-work, offer more compelling resistance. The value of $31.272 is selected only to even out the R:R ratio.
The profit target is derived by the potential for a harmonic pattern to complete at the 2.227 extension of the ABC legs. Potential partial profit targets are marked along the way, including the 1.618 extension at +/- $30.47.
adrian dyer
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adrian dyer
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。