1. Long on break of 38.2 Fib (61.8 on reversed Fib) of Daily high/low range
2. Entry on 5min chart
3. RSI Composite & RSI bullish momentum (above moving averages & moving averages crossed higher)
4. Target 1: 89.0 Fib (move stop to breakeven)
5. Target 2: 161.8 Fib extension of daily high/low range (take 100% profit)
6. Stop: below 50.0 Fib of daily high/low range
7. Potential RR: 1:5.46
Trade active
Entry: $363.19 (break above 38.2 Fib retracement of daily high/low rangeStop: $358.987 (below 50.0 Fib retracement of daily high/low range)
Target 1: $368.47 (11.0 Fib retracement of daily high/low range)
Target 2: $385.21 (161.8 Fib extension of daily high/low range)
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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.
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.