Price is bearish, making equal lows and continuing to break structure on the line chart. Price has taken liquidity and has made clear targets below, i have identified my POI candle and my FIB 71-78 aligns with my candle. We have IPA below only and i see no reason for price to break above my POI. i believe this is the best TF to take the trade and i have drawn up RR 1:5 but you could ride this lower but RR 1:5 is in my trade plan. I will be setting a Sell Limit on this.
Thoughts?
Thoughts?