Possible short trade:
- Fib retracement at 50% level
- Weekly resistance level
- 4HR/daily resistance level
Would take the trade up to a minimum of 2 RRR. Based on how the trade is doing, I would exit at the next support, and if it looks like it will continue the long term move, I will scale out at the next support level and let the rest run.
- Fib retracement at 50% level
- Weekly resistance level
- 4HR/daily resistance level
Would take the trade up to a minimum of 2 RRR. Based on how the trade is doing, I would exit at the next support, and if it looks like it will continue the long term move, I will scale out at the next support level and let the rest run.