Hello everyone, if you like the idea, do not forget to support with a like and follow.
Trade Signal:
BUY (Swing)
> Entry: 302.516
> Take Profit: 318.872
> Stop Loss: 299.516
Analysis:
Based on the higher timeframe (HTFs), on the Monthly it has created a W formation, where we can expect a retracement back to the neckline, where we check on the 4H our entry, exit, and take profit. I have also created a trendline where we see that it broke the trendline and currently waiting for a retest of the trendline once it moves down and also test the 50% of the fibonacci retracement we will then again check the price action and adjust our trade.
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER
Trade Signal:
BUY (Swing)
> Entry: 302.516
> Take Profit: 318.872
> Stop Loss: 299.516
Analysis:
Based on the higher timeframe (HTFs), on the Monthly it has created a W formation, where we can expect a retracement back to the neckline, where we check on the 4H our entry, exit, and take profit. I have also created a trendline where we see that it broke the trendline and currently waiting for a retest of the trendline once it moves down and also test the 50% of the fibonacci retracement we will then again check the price action and adjust our trade.
Good luck!
All Strategies Are Good; If Managed Properly!
~FX_SHIFTER