Price has been in an uptrend on the 4H TF.
However it is currently retracing within the upward channel.
It has hit the 61.8% Fib level which is also a point of structure
Short to whatever TP you feel comfortable but remember there is liquidity sitting at the 61.8% so a stop hunt may be possible.
use good risk management
However it is currently retracing within the upward channel.
It has hit the 61.8% Fib level which is also a point of structure
Short to whatever TP you feel comfortable but remember there is liquidity sitting at the 61.8% so a stop hunt may be possible.
use good risk management
Note
TP2 and close to TP3 hit. I am outTrade closed: target reached
Note
brilliant play
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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.