Hey guys,
Lets simplify this trade:
1. The chart shows a breakout of the up ward trend line
2. Reverses just above the 0.618 level
3. Rejection just at the up ward trend line
Hence i strongly believe this chart will follow the ABCD pattern and reach the 0.382 level.
Let's see if this trade goes thru
T/P at 136.42
S/L at 151.25
R:R 3!
Please don't trade more than 2% of your capital
Hope you earn some profits out of this trade
Cheers!
Lets simplify this trade:
1. The chart shows a breakout of the up ward trend line
2. Reverses just above the 0.618 level
3. Rejection just at the up ward trend line
Hence i strongly believe this chart will follow the ABCD pattern and reach the 0.382 level.
Let's see if this trade goes thru
T/P at 136.42
S/L at 151.25
R:R 3!
Please don't trade more than 2% of your capital
Hope you earn some profits out of this trade
Cheers!