Price Rejected the Following Zone of Confluence:
+ Yearly Pivot Support. (Dotted Line)
+ Key Retracement Zone. (50% / 61.8%)
+ 1.860 Round Number Support .
+ Breakout of Bullish Wedge. (Continuation Pattern)
+ HUGE Bullish Pinbar on Weekly Chart.
I haven't entered this trade yet. I am looking for a retest of the 50% Fib + Top of the Bullish wedge (and previous lower high on the H4). Looking for targets at 2.023. 2.023 is not only the projected length of the previous swing up, but it is also the 1.618% Fibonacci extension of the recent move down.
Waiting for opportunities such as this (one or two of these trades a month) will save you the headache of getting in and out the market every single day and bring you a steady monthly % return without getting shaken out of the market by silly intraday movement.
Good luck, traders. Have a great weekend!
+ Yearly Pivot Support. (Dotted Line)
+ Key Retracement Zone. (50% / 61.8%)
+ 1.860 Round Number Support .
+ Breakout of Bullish Wedge. (Continuation Pattern)
+ HUGE Bullish Pinbar on Weekly Chart.
I haven't entered this trade yet. I am looking for a retest of the 50% Fib + Top of the Bullish wedge (and previous lower high on the H4). Looking for targets at 2.023. 2.023 is not only the projected length of the previous swing up, but it is also the 1.618% Fibonacci extension of the recent move down.
Waiting for opportunities such as this (one or two of these trades a month) will save you the headache of getting in and out the market every single day and bring you a steady monthly % return without getting shaken out of the market by silly intraday movement.
Good luck, traders. Have a great weekend!
