Hey All,
I would love to hear what you think about this trade that I am thinking of going through with! This double top lands around the fib 0.236, which is also a relatively strong historical resistance. Looking for a retracement down to the first price point (which is the May 10th support), or if it breaks through quickly I'm looking at the second price point, which is a historical support/ fib 0.6180). Lemme know any thoughts, would really appreciate input as I am still a newbie :)
Entry: 1265.28
SL: 1296.87
PL1: 1215.75
PL2: 1197.73
Potential Result: 49-67 pips
I would love to hear what you think about this trade that I am thinking of going through with! This double top lands around the fib 0.236, which is also a relatively strong historical resistance. Looking for a retracement down to the first price point (which is the May 10th support), or if it breaks through quickly I'm looking at the second price point, which is a historical support/ fib 0.6180). Lemme know any thoughts, would really appreciate input as I am still a newbie :)
Entry: 1265.28
SL: 1296.87
PL1: 1215.75
PL2: 1197.73
Potential Result: 49-67 pips
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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.