BLSCORP proposed potential trading plan.
Consider to study and verify BSL's set-up which is based on Elliot's ABC corrective zone formation. Observation: Price retraced to below fibo786 in Waves 1-5 formation. Price retraced to below fibo2.618 in ABC corrective zone formation on expanded flat and is coming back to fibo2.618 based on 2 green candle formation. Must CL at 0.420 because if it falls, it could go down to fibo3.618 (0.250) or perhaps even retest 52-week low (0.215) which is deep down below. High risk high reward set-up. Trade at your own risk.
Consider to study and verify BSL's set-up which is based on Elliot's ABC corrective zone formation. Observation: Price retraced to below fibo786 in Waves 1-5 formation. Price retraced to below fibo2.618 in ABC corrective zone formation on expanded flat and is coming back to fibo2.618 based on 2 green candle formation. Must CL at 0.420 because if it falls, it could go down to fibo3.618 (0.250) or perhaps even retest 52-week low (0.215) which is deep down below. High risk high reward set-up. Trade at your own risk.