This an example where we form the fib compression pattern and then we take out the low to grab the liquidity and continue the trend.
We clearly bounced after taking out the low, so we're good to enter now to aim for TP1 at a risk to reward of more than 3.
We clearly bounced after taking out the low, so we're good to enter now to aim for TP1 at a risk to reward of more than 3.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.