Pullback to key demand level gives opportunity for a long trade. Price has responded strongly to the bullish butterfly (well, I call it a butterfly based on the same alignment of ratio level tests) it fell into at market bottom ... a pattern that with certain ratios and conditions gives us "trend ender" potential for fresh trend the otherway.
This is a long trade based on the scenario and price action suggestion that the aforementioned is valid
-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
This is a long trade based on the scenario and price action suggestion that the aforementioned is valid
-Always use a stop
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
Comentarios:
Target reached... if you check the higher time frame chart we have an inverted head and shoulders pattern forming now. Potential next buy setup in this pair.