A High Probability Structure-Based Trade

2020-01-01 20:58:08

A High Probability Structure-Based Trade
The following are the clues that inform my conservative entry.
1. Price action has reached at key level of structure (indicated by the rectangular blue zone).
2. An AB=CD pattern
3. AB Fibonacci extension of 1.618
4. RSI is OB on this time frame
5. Loss of momentum (the body of two candles are quite small:-Dojis)
6. The 4Hr time frame confirms a DT
The R: R is also impressive!

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