CHFDKK we use here a harmonic tool name (AB=CD) . in this we see a bullish trend with no divergence . and we analyze that is should go to the (D) point . and at that point if the RSI shows diversions then its BEARISH Harmonic AB=CD pattern .and trend is reverse at that point .
CHFDKK bullish flag printed in 1 hour time frame. LONG POSITON has been deployed as mentioned on charts.
LONG POSITION
ENTRY: 7.5683
STOPLOSS: 7.5152
TP 1: 7.6214
TP 2: 7.6745
LOT SIZE: 0.12
RR: 1:1
RR: 1:2
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend. No sign of divergence so, we can easily rely on continuation pattren. Dow theory and reversal pattren will not...
CHFDKK BULLISH in 1H TF creating higher highs & higher lows, we can take an entry using the trend line as drawn on the chart. The lot size will be 0.03 as per 1:1 risk on the $10000 account.
Fib. retracement was applied on a daily chart and new SnR levels were defined by rays
the chart is making new lower highs n lower lows
SL is placed on the previous lower high
TP is placed on the next Fib. levels
