Looking at the bigger and smaller timeframe ,
as you can see , we have few confirmations right here for our call opportunity ,
in the bigger timeframe , we can see a supply and demand come into play ,
price failed to break below as demand held the price , means demand remained strong in that key area ,
if we zoom in the smaller timeframe , as you can see , we have seen price broken out of the structure ,
and we can see price is making an inverse head n shoulder and if we drag swing low to swing high by using fibonacci retracement ,
we can expect price to reject in the 50 or 61.80% area ,
a good RR 1:7 for this trade , remember to trade with your own risk.
Give it a like or comment if you like this idea .
Happy New Year 2022 , Wish we all become a successful trader this year !
as you can see , we have few confirmations right here for our call opportunity ,
in the bigger timeframe , we can see a supply and demand come into play ,
price failed to break below as demand held the price , means demand remained strong in that key area ,
if we zoom in the smaller timeframe , as you can see , we have seen price broken out of the structure ,
and we can see price is making an inverse head n shoulder and if we drag swing low to swing high by using fibonacci retracement ,
we can expect price to reject in the 50 or 61.80% area ,
a good RR 1:7 for this trade , remember to trade with your own risk.
Give it a like or comment if you like this idea .
Happy New Year 2022 , Wish we all become a successful trader this year !
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