Interesting Risk x Reward Trade
White Swan Pattern followed by a Bullish Divergence.
50 MA forming support on the daily chart, and 200 MA on the 4h chart, which also gives us a bullish divergence.
SL is right below the last low
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it...
LONG AND RISKY TRADE
Perhaps a late entry, but it might be worth it since fundamentalist analysis corroborates with this view.
Dragonfly pattern on the Daily chart.
SL is right above the last high
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
LONG Term.
Barracuda pattern on the Daily.
SL is right above last high
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
LONG term.
ABCD pattern followed by hidden bullish pattern
SL is right above last low
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
Risk x Reward is attractive.
Cypher pattern on the 4h chart. followed by a Bearish Divergence.
Movement seems a bit consolidated on lower charts.
SL is right above last high
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
Not really the best setup, but it might work since Risk x Reward is attractive.
Cypher pattern on the 4h chart.
SL is right above last high
TP1 is right at Fibo's 38.2%
TP2 is right at Fibo's 50%
TP3 is right at Fibo's 61.8%
I would highly suggest moving SL to BE as soon/if it reaches 23.6% of Fibo.
Depending on how the market opens today, it might take the price down to the bottom of the channel and also the historical support level. In that case, a bullish divergence will be developed and we expect RSI to give us an oversold signal. That's when we enter for this buy.
That is a 4 out of 4-star setup entry. It is what we consider a perfect entry according to our strategy.
It's not possible to win all the time, but when we get this setup things usually go according to plan.
Bearish Butterfly Pattern with a strong resistance level and Overbought RSI level. The only thing that I miss is a bearish divergence on either present and also higher Timeframes. This Divergence is almost formed on the Daily chart.
