I like this set up for multiple reasons.
My confluences are :
Bearish structure has been broken
62% on Monthly fib
70% on weekly fib
Red box = Mitigation zone on smaller time frame.
Discounted price for a buy
Accumulation
Above price currently there are more areas of liquidity and imbalance to feel which grows my confidence in believing this to be a high probable trade set up.
This is a trade i have been holding now since 9th October and intend on holding this taking partials along the way.
Really like this set up so so lets see what happens!
For my educational ideas and market outlooks please click the link in my bio and get free access.
My confluences are :
Bearish structure has been broken
62% on Monthly fib
70% on weekly fib
Red box = Mitigation zone on smaller time frame.
Discounted price for a buy
Accumulation
Above price currently there are more areas of liquidity and imbalance to feel which grows my confidence in believing this to be a high probable trade set up.
This is a trade i have been holding now since 9th October and intend on holding this taking partials along the way.
Really like this set up so so lets see what happens!
For my educational ideas and market outlooks please click the link in my bio and get free access.