MARKET STRUCTURE
4H CHART BREAK DOWN
- YOU CAN SEE 4H IS CURRENTLY IN AN UPTREND, BULLISH (1 ST CONFIRMATION ON LONG POSITION)
- PREVIOUSLY BROKEN RESISTANCE IS NOW TURNING INTO SUPPORT (2ND CONFIRMATION)
- FIB FROM PREVIOUS HL ON 4H CHART TO CURRENT HH IS AT A 32.8 RETRACEMENT. ( 3RD )
- TP IS AT -27% OF FIB RETRACEMENT
- YOU CAN SEE 4H IS CURRENTLY IN AN UPTREND, BULLISH (1 ST CONFIRMATION ON LONG POSITION)
- PREVIOUSLY BROKEN RESISTANCE IS NOW TURNING INTO SUPPORT (2ND CONFIRMATION)
- FIB FROM PREVIOUS HL ON 4H CHART TO CURRENT HH IS AT A 32.8 RETRACEMENT. ( 3RD )
- TP IS AT -27% OF FIB RETRACEMENT
Note
Should've extended my stop loss a little more under my support,still bullish and confident my TP will be reached
Note
as you can see TP was not hit by a few pips, I was trying to take a counter trend on the 4H time frame , If you go to daily you will see the current trend is bearish . Next one!!
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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.