Convergence of the weekly and monthly trend lines in pair. Historically in this trend line down, the corrective moves have bounced of a .5 FIB.
No trade until confirmation of breakout of the 1st weekly trend line W1. Look for entry on the shorter time frame D, or 240.
This setup is for my trade journal only and does not classify as advice. Trade safely using good money management.
No trade until confirmation of breakout of the 1st weekly trend line W1. Look for entry on the shorter time frame D, or 240.
This setup is for my trade journal only and does not classify as advice. Trade safely using good money management.
