Resistance in 1272.00.
Waiting for corrective finished, looking for entry sell in 38%-61% of fibo retracement.
In picture above, the sell in 38% of fibo in 1243.70, SL in 1272.00, TP1 1229.69 and TP2 1215.45.
The position is not good, risk/reward (R/R) of TP1 below 1.
For better entry with lower risk (R/R>1), breakdown the timeframe, H1 and M15 to entry sell.
Waiting for corrective finished, looking for entry sell in 38%-61% of fibo retracement.
In picture above, the sell in 38% of fibo in 1243.70, SL in 1272.00, TP1 1229.69 and TP2 1215.45.
The position is not good, risk/reward (R/R) of TP1 below 1.
For better entry with lower risk (R/R>1), breakdown the timeframe, H1 and M15 to entry sell.
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.