Why I bit strongly on short?
- Fibo 61.8 as ressitance
-Price brok a trend line then corrected to re-test
-at the same tme at desending upper trind line now
- Elliot waves at 4H showing end of5th wave here
- We have SMC senario where Choch occured breaking down the up trend , then first correction occured to re-test 1st LL and now we are re-testing 2nd LL
- We got nice confirmation on 4H clearly using price action or any normal MT4 indecator.
Where to TP ? it is up to your greed and lot size or to say capital investment plan.
- Fibo 61.8 as ressitance
-Price brok a trend line then corrected to re-test
-at the same tme at desending upper trind line now
- Elliot waves at 4H showing end of5th wave here
- We have SMC senario where Choch occured breaking down the up trend , then first correction occured to re-test 1st LL and now we are re-testing 2nd LL
- We got nice confirmation on 4H clearly using price action or any normal MT4 indecator.
Where to TP ? it is up to your greed and lot size or to say capital investment plan.