What I see in this market is a downtrend.
We can wait for it to reach our Stop Loss level (yellow dotted line near current price) and then enter placing our new Stop Loss above the 50% Retracement.
If you want to enter the market now this is how I would like the market to play out:
Push to 23.6%, consolidate/extend to the lower yellow line. Dashed aqua line is support/resistance. Purple solid line is trendline.
We can wait for it to reach our Stop Loss level (yellow dotted line near current price) and then enter placing our new Stop Loss above the 50% Retracement.
If you want to enter the market now this is how I would like the market to play out:
Push to 23.6%, consolidate/extend to the lower yellow line. Dashed aqua line is support/resistance. Purple solid line is trendline.
Trade chiuso: stop raggiunto:
Exceeded stop loss
Exceeded stop loss
You can either enter here as stated or just wait and react.