Fib Inversion
Looking at a possible Fib Inversion trade. If price action rises to the 1.618 extension then sell for targets at the 618 retracement and stops placed at about a 2:1 risk reward. See chart for entries, stops, and targets.
Trade closed: stop reached
Price broke right through the entry point and hit stops.
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.