ALOT OF PRESSURE COMING TOWARDS THE END OF THE TRIANGLE, AND THE SUPPORT LEVEL AROUND 111.200 IS BEING RESPECT ON THE WEEKLY SUPPORT
38.2 HAS ALREADY BEEN TESTED AND THE 23.6 AREA ON FIBONACCI IS THE MAIN FIB SUPPORT THAT WERE LOOKING TO BOUNCE FROM BACK TO THE UPSIDE.
MA CROSS OVER ON DAILY TF CONFIRMS OVERALL TREND TRANSITION, SO LOWER TIMEFRAMES SUCH AS THE...
Looking to hit a key resistance level around 125.680
Bearish bar pattern also completes at point (D) on my chart
Trendlines created channel that could be broken out from In a bullish move before the reversal begins around point (D)
TP 1 at .381 Fib Level
TP 2 at .618 Fib Level
Once price reaches TP 1, drop stop loss into profit to protect capital from loss.
Here is my first analysis post on Trading View.
Harmonic Pattern shown is a completed bearish butterfly
Trendlines are valid are show a created channel.
Around (D) Point was my PRZ (Price Reversal Zone) as the entry shows.
TP 1 is at .382 Fib level
TP 2 is at .618 Fib level
Once price hits TP 1 bring down Stop Loss into profit to secure the trade doesn't lose...