Looking to enter on either on breaking of downward resistance or a retracement to the .382 fib level, and then ride it up two or one fib levels.
Note
I entered a long position on the retesting of the red trendline with a TP at 157.69 and a SL at 144, which is a 2:1 RR.Note
Or I might just watch it as it approaches 160, and if it breaks through aggressively going to let it run until market looks overbought.
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.
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.