Breakout of the trend
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clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity.
any comments or corrections would be appreciated.
clear break out of trend but can now retrace slightly to the blue line below and then into a bigger move upwards. It can also move down and bounce of the 0.618 fibbo which can also be a buy oppertunity.
any comments or corrections would be appreciated.
Nota
you can also take a short on the 4hr for around 90 pips if the next few bars close bellow the support at 113.229 areaNota
then if this bounces off the support line and turns bullish take the long for new highs taking profit in zonesNota
check attached related idea
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.