Bias Long as per Breakout of Trend Analysis on H4
Why?
New HH (from HH to LH pattern)
Hit .618 Fib as measure from Point 0 to a
Additional bias:
Close of next candle after hitting .618 was not within the diagonal trend
.: Upward Trending
Buy at 1.13645
SL: ATR x 2 = 60 pips = 1.13585
TP1: 1.14005
Risk/Reward Ratio: 2.31
For Learning Purposes Only
Why?
New HH (from HH to LH pattern)
Hit .618 Fib as measure from Point 0 to a
Additional bias:
Close of next candle after hitting .618 was not within the diagonal trend
.: Upward Trending
Buy at 1.13645
SL: ATR x 2 = 60 pips = 1.13585
TP1: 1.14005
Risk/Reward Ratio: 2.31
For Learning Purposes Only