Price has been in an uptrend on the 4H TF.
However it is currently retracing within the upward channel.
It has hit the 61.8% Fib level which is also a point of structure
Short to whatever TP you feel comfortable but remember there is liquidity sitting at the 61.8% so a stop hunt may be possible.
use good risk management
However it is currently retracing within the upward channel.
It has hit the 61.8% Fib level which is also a point of structure
Short to whatever TP you feel comfortable but remember there is liquidity sitting at the 61.8% so a stop hunt may be possible.
use good risk management
Commento:
TP2 and close to TP3 hit. I am out
Trade chiuso: obiettivo raggiunto
Commento:
brilliant play