Hey Guys,
I have came across this pair last week after saw imminent Head and Shoulder Pattern. So I waited the price to break out 1.9000 level to confirm it. It succeeded on last Thursday and started to pullback to the neckline.
In this strategy ,I have 2 confluences which consist of the Fibonacci Golden Ratio 61.8% and also the MA50. The price is acting at the said area now. So, I am looking into go shorting from the blue level and targeting my profit on green level with my stop loss at red level. Instantly it give minimum R:r ratio of 2:1.
Any comments from this strategy please do share below. Have a great day Traders!
I have came across this pair last week after saw imminent Head and Shoulder Pattern. So I waited the price to break out 1.9000 level to confirm it. It succeeded on last Thursday and started to pullback to the neckline.
In this strategy ,I have 2 confluences which consist of the Fibonacci Golden Ratio 61.8% and also the MA50. The price is acting at the said area now. So, I am looking into go shorting from the blue level and targeting my profit on green level with my stop loss at red level. Instantly it give minimum R:r ratio of 2:1.
Any comments from this strategy please do share below. Have a great day Traders!