This is a very good looking setup, we have POI with:
1. Already reversed trend, now we have series of HHs and HLs
2. daily 50EMA
3. 61.80% fib level of previous leg
4. Structure
As aways, candle rejection is needed for entries, so if the price makes consolidation at this level, I will for sure jump in longs.
1. Already reversed trend, now we have series of HHs and HLs
2. daily 50EMA
3. 61.80% fib level of previous leg
4. Structure
As aways, candle rejection is needed for entries, so if the price makes consolidation at this level, I will for sure jump in longs.
ملاحظة
I want to see a breakout to the DTL and 1h 50EMA before jumping in longs. تم فتح الصفقة
I've noticed a bigger DTL so I changed it a bit to fit the highs better. Despite that I made an entry (you can see it from the chart below), but it was only half % though. Price showed rejection, but at the same time its still squeezing in the wedge, so a breakthrough and a retest will give a more conservative entry.أغلقت الصفقة: تم الوصول لوقف الخسارة
AUDCHF stopped me at BE, I'm above 10% for the month so I don't want to take any risk, that's why I moved my SL to BE.I don't like the current PA so I'll stay away till something significant happens
ملاحظة
Hi again, I actually think there is still a small chance this setup to play out as planned. Here is the confirmation I'm looking for to place long position again 
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.