XAU/USD Bullish Shark
Hey guys,
Today I am looking at Silver, with a bullish shark formation on the 4 hour time frame. Normally for this pattern I would feel more comfortable if the B point was at least 0.382, but the level of support at the PRZ is very strong. The support is holding as high as the weekly timeframe, which is why I am feeling drawn to this trade.
Shark Ratios are as follows:
C = 1.13-1.618
D = 1.618-2.618
X to D = 0.886-1.13
There have been a few spikes below the support- my stop loss has been placed below all of these (still with a 1:3 risk). As always I will be watching the candles to signal a reversal before entering.
I will update everyone as I go! :)
Good luck guys.
Today I am looking at Silver, with a bullish shark formation on the 4 hour time frame. Normally for this pattern I would feel more comfortable if the B point was at least 0.382, but the level of support at the PRZ is very strong. The support is holding as high as the weekly timeframe, which is why I am feeling drawn to this trade.
Shark Ratios are as follows:
C = 1.13-1.618
D = 1.618-2.618
X to D = 0.886-1.13
There have been a few spikes below the support- my stop loss has been placed below all of these (still with a 1:3 risk). As always I will be watching the candles to signal a reversal before entering.
I will update everyone as I go! :)
Good luck guys.
הערה
The strength of the support level is clear to see..
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.