After the price break the nearest resistance line (black horizontal line), go put a long and aim it until the price hit back the median of the 1,27 fib ext, 0,236 fib retrace, and both resistance of a trend line and horizonal. After that, go short and aim it back to the lower support since it potentially make a bullish butterfly with a chyper pattern.
Trade fechado: objetivo atingido:
It seem that the price failed to break the nearest resistance line from the entry point and actually it directly dive to the lower support.
So it -8.9 pips for the long (buy) and +29 pips if you short (sell) it from the nearest resistance line.
I think it's not bad for my first analyst. :)
So it -8.9 pips for the long (buy) and +29 pips if you short (sell) it from the nearest resistance line.
I think it's not bad for my first analyst. :)