Description
⋅ Good spot to potentially long. 50% retracement, demand area, pivot point, next higher supply area already hit. First TP 1.4100. Final TP AB=CD.
High R/R
Trade active
⋅ Comment
⋅ Daily TF also just completed an ABCD pattern to the downside, so expecting a retracement up.
Trade closed: target reached
⋅ First target reached. Will take out half.
channel potentially forming, good idea to wait for a new dip to rebuy.
Comment
⋅ Will look to short this around 1.44 for now. Will post updated idea if price starts to develop this way.