If then Trade off 50% Fib confluence with 78% Fib
Expecting a small bullish move after touching the key area (yellow highlighted rectangle). Based of last couple of times the area has been touched. (See Green Arrows). Average price action after touching the area is 70 pips (see price range, left).
Risk/reward: 20/20 = 1
Confidence: 60%
It fits within my risk management criteria, for the new month.
Risk/reward: 20/20 = 1
Confidence: 60%
It fits within my risk management criteria, for the new month.
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.