A " Bearish Pennant" has developed from that fast action yesterday. I see this pattern is struggling to break above a 61.9% Fib, a pivot point, 55 & 34 EMA's, previous resistance area (subjective). I think you can squeak out a 2:1 here before hitting previous support or the S2 pivot. Simple clean analysis. 1% risk, 2:1RR - Happy Trading!
Trade closed: target reached
a sumptuous trade indeed.
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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.