Not in this trade currently just showing how this played out. Had an engulfing on the Daily and H4. Support turned to resistance on the M15.
Trade active
Trade active
Note
Adjusted the TP to the -61.8 Fib extensionNote
US30 Came close to Stopping out. But respected the H4 Restistance Labeled with Orange line. I'm still in this and TP is based off of the daily -61.8 extention.
Trade closed: stop reached
Stopped out. Keeping an eye on what this does closer to the trend line.
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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.