Stopped out on the previous two trades. Going in again because downside potential is strong. Tight stop loss, big reward.
Double Trendline retest, 78.6% Fib.
Great risk/reward - 4.62/1
Double Trendline retest, 78.6% Fib.
Great risk/reward - 4.62/1
Trade closed: stop reached
Stop loss hit. Downside momentum still looks strong. May consider re-entering at 0.71750 with the same target in mind.
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Disclaimer
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.