CONFIRMATIONS
- I highlighted in purple the areas and times where price has reached my ascending trend line and rejected price.
- Placed my stop loss a little higher than its previous high.
- The dollar(DXY) is possibly consolidating but overall bullish so that's essentially working in confluence.
- Price has hit my fib retracement at the golden 618 zone, which is a sign price could reverse at this point.
- Set my take profit a little above my -27 extension.
- I haven't entered the trade yet. I might wait until price goes under my 50 moving average, then id have to adjust my stop loss and take profit!
- I highlighted in purple the areas and times where price has reached my ascending trend line and rejected price.
- Placed my stop loss a little higher than its previous high.
- The dollar(DXY) is possibly consolidating but overall bullish so that's essentially working in confluence.
- Price has hit my fib retracement at the golden 618 zone, which is a sign price could reverse at this point.
- Set my take profit a little above my -27 extension.
- I haven't entered the trade yet. I might wait until price goes under my 50 moving average, then id have to adjust my stop loss and take profit!