Two potential setups. Each providing solid justification to enter.
Option 1:
We see plenty of confluence at the 55.60 area with an (i) AB=CD completion (ii) Bullish Bat pattern completion and (iii) Ratio Confluence particularly with the 161.8% Extension.
Option 2:
For a more conservative entry with little risk but potentially high reward. This also sits right on the 38.2% Fib retracment level on the Higher Time frame (Daily) so a bounce off this level is highly likely.
I've placed targets at the next structure low which provides plenty of pips for very little work. As always there are several ways we can enter and manage the trade.
Enjoy
Option 1:
We see plenty of confluence at the 55.60 area with an (i) AB=CD completion (ii) Bullish Bat pattern completion and (iii) Ratio Confluence particularly with the 161.8% Extension.
Option 2:
For a more conservative entry with little risk but potentially high reward. This also sits right on the 38.2% Fib retracment level on the Higher Time frame (Daily) so a bounce off this level is highly likely.
I've placed targets at the next structure low which provides plenty of pips for very little work. As always there are several ways we can enter and manage the trade.
Enjoy
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.