sell on retracement

125
{
"analysis": {
"trend": "bearish",
"current_price": 3023.03,
"key_levels": {
"support": {
"S1": { "level": 2999.11, "strength": "minor" },
"S2": { "level": 2982.87, "strength": "major" }
},
"resistance": {
"R1": { "level": 3035.15, "strength": "minor" },
"R2": { "level": 3044.94, "strength": "moderate" },
"R3": { "level": 3057.42, "strength": "major" }
}
},
"technical_indicators": {
"Fibonacci_retracement": {
"0.382": 3021.38,
"0.5": 3028.27,
"0.618": 3035.15,
"0.786": 3044.94,
"1.0": 3057.42
},
"ABC_correction_pattern": {
"A": 3028.27,
"B": 3035.15,
"C": 2999.11
}
}
},
"trade_plans": [
{
"strategy": "sell_on_retracement",
"entry_zone": "3028 - 3035",
"stop_loss": 3046,
"take_profits": [
{ "target": "2999", "type": "TP1" },
{ "target": "2982", "type": "TP2" }
],
"risk_reward_ratio": "1:2"
},
{
"strategy": "buy_on_support_bounce",
"entry_zone": "2982 - 2999",
"stop_loss": 2970,
"take_profits": [
{ "target": "3021", "type": "TP1" },
{ "target": "3035", "type": "TP2" }
],
"risk_reward_ratio": "1:2"
}
],
"risk_management": {
"account_size": 10000,
"risk_percentage": 1,
"risk_amount": 100,
"lot_size_calculation": "based on stop loss and volatility"
}
}

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.