Last idea was successful and made some profits. Let's try to exploit ZRX movement again.
ZRX did it already two times in the past and is kind of forming ascending broadening wedge. In the last four days it formed also triple bottom and is currently above all MAs on 4H timeframe, riding nice above 200 MA.
Idea is based on assumption that it will retrace once again, where I will put two orders (Entry 1 and Entry 2) with stop loss just bellow 200 MA.
In case it won't retrace but will rally from here, I'm willing to enter on breakout, currently with the same stop loss.
Targets are 0.618 Fib retrace level of last drop and just bellow previous high. If things will look pretty, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
ZRX did it already two times in the past and is kind of forming ascending broadening wedge. In the last four days it formed also triple bottom and is currently above all MAs on 4H timeframe, riding nice above 200 MA.
Idea is based on assumption that it will retrace once again, where I will put two orders (Entry 1 and Entry 2) with stop loss just bellow 200 MA.
In case it won't retrace but will rally from here, I'm willing to enter on breakout, currently with the same stop loss.
Targets are 0.618 Fib retrace level of last drop and just bellow previous high. If things will look pretty, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Ghi chú
Hm, maybe Entry 1 is not such a good idea, if this harmonic is of any value. I'll watch it at that level and if it will behave, I'll open an order.Ghi chú
After some thinking and a beer, Entry 1 stays, just a little bit smaller than was planned at start :)Ghi chú
Entry 1 got filled.Giao dịch đang hoạt động
Ghi chú
Added some more here, removed breakout entry.Ghi chú
Entry 2 also got filled in.Đóng lệnh: dừng lỗ
Stop reached. I hope it won't just turn to upside now ... let's see.
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