CHPT Call Breakdown
Looking at the bigger and smaller timeframe ,
as you can see , we have few confirmations right here for our call opportunity ,
in the bigger timeframe , we can see a supply and demand come into play ,
price failed to break below as demand held the price , means demand remained strong in that key area ,
if we zoom in the smaller timeframe , as you can see , we have seen price broken out of the structure ,
and we can see price is making an inverse head n shoulder and if we drag swing low to swing high by using fibonacci retracement ,
we can expect price to reject in the 50 or 61.80% area ,
a good RR 1:7 for this trade , remember to trade with your own risk.
Give it a like or comment if you like this idea .
Happy New Year 2022 , Wish we all become a successful trader this year !
as you can see , we have few confirmations right here for our call opportunity ,
in the bigger timeframe , we can see a supply and demand come into play ,
price failed to break below as demand held the price , means demand remained strong in that key area ,
if we zoom in the smaller timeframe , as you can see , we have seen price broken out of the structure ,
and we can see price is making an inverse head n shoulder and if we drag swing low to swing high by using fibonacci retracement ,
we can expect price to reject in the 50 or 61.80% area ,
a good RR 1:7 for this trade , remember to trade with your own risk.
Give it a like or comment if you like this idea .
Happy New Year 2022 , Wish we all become a successful trader this year !
Note
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.