Possible Downtrend Pullback

6 нояб. 2018 г.We have a possible pullback on a very well respected daily price reversal zone. Orange rectangle with red borderline. We also have bearish divergence on H1 and H4.

Possible targets:
1. Weekly Support (Pink horizontal line)
2. Orange rectangle with blue borderline, which corresponds to daily support zones + 1.272 and 1.618 fib extensions.

Wait for a clear trend breakout + Good PA confirmation, otherwise I wouldn't advice taking this trade.

All comments are appreciated!

Peace!

9 нояб. 2018 г.

Комментарий

Drop begun we should have re-entry opportunities on the way down!