I'm looking for downside on this. I entered at the 61.8% level, a limit order that hit, I see this as a pullback from a recent strong drop.
1% Risk, 2:1 RR - Happy Trading!
1% Risk, 2:1 RR - Happy Trading!
Note
Price has made another move up....still short, let's see what happens. Price has now stalled at the 78.6% Fib level, not quite as encouraging but it's a risk managed trade and we will always see what happens.Note
Price made it back to the resistance zone, it is very telling when price strongly drops after hitting these areas...I just don't think we will see the break...not today anyways.Note
Price just keeps getting rejected strongly, I am positioned at break even but expecting a move further to the downside.
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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.