Morning traders, don't be afraid to go through multiple time-frames on this layout.
Basically Had some problems, with platform, found a solution,
Ok, the price is forming a Gartley pattern on a daily chart, at least approaching a D level.
On a 4H chart we can see, that the price is at the weekly pivot resistance level. But I do not see any clear signals yet, however, the price is already in supply area, so the reverse is possible.
I wouldn't place a market order now, as I'm a confirmation trader, but there is a Sell stop entry at 1.146 with a potential target aat 1.1425 and a stop loss above 1.1.149. RR is not good, as the trade is a breakout.
Good trades to you traders!!!
Will appreciate your likes and constructive critics.
Basically Had some problems, with platform, found a solution,
Ok, the price is forming a Gartley pattern on a daily chart, at least approaching a D level.
On a 4H chart we can see, that the price is at the weekly pivot resistance level. But I do not see any clear signals yet, however, the price is already in supply area, so the reverse is possible.
I wouldn't place a market order now, as I'm a confirmation trader, but there is a Sell stop entry at 1.146 with a potential target aat 1.1425 and a stop loss above 1.1.149. RR is not good, as the trade is a breakout.
Good trades to you traders!!!
Will appreciate your likes and constructive critics.