Looking for a trend continuation opportunity with a possible 26-18 trade.
Just to clear my mind:
- a retracement of at least 61.8% should occur (getting resistance of the double bottom) which would also be a harmonic move.
- targets can be based on retest of previous structure low, the 100% retracement and the 1.272 extension for a trend continuation..
- stops would go below previous lower low.
- on daily chart it is more clear to see.
Just to clear my mind:
- a retracement of at least 61.8% should occur (getting resistance of the double bottom) which would also be a harmonic move.
- targets can be based on retest of previous structure low, the 100% retracement and the 1.272 extension for a trend continuation..
- stops would go below previous lower low.
- on daily chart it is more clear to see.