Reasons for entry at 1871
1. Price just broke structure by making a higher low
2. Price ratraces off of the 78.6 fibonacci extension
3. Price makes a ascending triangle that respects the trendline
4. Price will just go to the -0.27 extension duhh... I mean just look at the chart.
5. This will all only be valid if price bounces off the trendline. If price breaksthe trendline, all of the above will be considered invaldid and i will personally NOT take the trade;)
1. Price just broke structure by making a higher low
2. Price ratraces off of the 78.6 fibonacci extension
3. Price makes a ascending triangle that respects the trendline
4. Price will just go to the -0.27 extension duhh... I mean just look at the chart.
5. This will all only be valid if price bounces off the trendline. If price breaksthe trendline, all of the above will be considered invaldid and i will personally NOT take the trade;)