Hey traders,
Here we are looking for a beautifull set-up wich has a 1:7 risk/reward potential.
After an impulse to the downside we saw a correction with waves.
Indicators are showing us that the buying pressure is getting limited and we should see the next move down.
Entering on the retest of the counter-trendline wich aligns with the fib levels should make this work.
Kind regards,
Tim.
Here we are looking for a beautifull set-up wich has a 1:7 risk/reward potential.
After an impulse to the downside we saw a correction with waves.
Indicators are showing us that the buying pressure is getting limited and we should see the next move down.
Entering on the retest of the counter-trendline wich aligns with the fib levels should make this work.
Kind regards,
Tim.