Short
EMG - approaching my entry levels.
Scenario 1, 0.5 fib level that has been respected twice previously is approaching, if the daily respects this once more then I'll be entering with my stop at the next fib up (.618). However if price breaks through and takes the untouched highs highlighted by the 'x's', then I'll be entering at the .618 level, with stop at the next fib above. This is my usual stop placement for trades took using my own fib analysis, it maintains a 2R this way.
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Related publications
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.