4hr and 15 min
update on previous analysis
after succeeded in shorting previous position, price did hit exactly 0.618 of the previous Fibonacci (left) which was our key level. Looking in depth, in 15 min TF price made a breaker before going up aggressively.
In 4 hour TF and daily we still have Sell stop above - (our DOL/ Draw on Liquidity), price hasn't swept that level and the daily bias is still bullish, hasn't changed
So we took that breaker which confluences with the 2nd fibonacci (right) to entry as an OTE (optimal trade entry) targetting DOL making 2RR
update on previous analysis
after succeeded in shorting previous position, price did hit exactly 0.618 of the previous Fibonacci (left) which was our key level. Looking in depth, in 15 min TF price made a breaker before going up aggressively.
In 4 hour TF and daily we still have Sell stop above - (our DOL/ Draw on Liquidity), price hasn't swept that level and the daily bias is still bullish, hasn't changed
So we took that breaker which confluences with the 2nd fibonacci (right) to entry as an OTE (optimal trade entry) targetting DOL making 2RR