An interesting trade for the aggressive trader. A perfectly formed divergence of price action from repulse-zigzag action. This is also confirmed by the strong price support seen around the Fibonacci confluence level.We must admit we didnt take this trade since ideally, we prefer our uptrend continuation trades to be above the 200 exponential moving average and the daily pivot level. This trade didnt meet this criteria but as we can see, it was an excellent move.
0 comments:
Post a Comment