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.
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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.