CONFLUENCE
PRZ (Price Retrace Zone) at 0.382 level
Projection based on Fib extension is 1.618 for TP
Retested head and shoulder(4HR Chart) breakout and closed underneath level(.76340)
6:1 Win Lose Ratio based on stop loss at previous structure resistance (4HR Chart) (0.76477)
PRZ (Price Retrace Zone) at 0.382 level
Projection based on Fib extension is 1.618 for TP
Retested head and shoulder(4HR Chart) breakout and closed underneath level(.76340)
6:1 Win Lose Ratio based on stop loss at previous structure resistance (4HR Chart) (0.76477)
Leaving this here for future reference to always determine market structure FIRST.