Wait for a bearish price action from the current blue box (bearish candlestick pattern, etc.)
- 2018 Low
- 2019 January low
- Daily EMA 50
- 4H EMA 200
- Fibonacci retracement 62%
- Previously worked support level becomes resistance
- Round number 0.86000
- The trendline
"The market generates behavior patterns and the patterns repeat themselves, but not every
time."
– Mark Douglas
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Cheers!
*This information is not a recommendation to go "LONG" or "SHORT", it is mostly used for educational purposes only!
- 2018 Low
- 2019 January low
- Daily EMA 50
- 4H EMA 200
- Fibonacci retracement 62%
- Previously worked support level becomes resistance
- Round number 0.86000
- The trendline
"The market generates behavior patterns and the patterns repeat themselves, but not every
time."
– Mark Douglas
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Cheers!
*This information is not a recommendation to go "LONG" or "SHORT", it is mostly used for educational purposes only!
