Beautiful PA on this chart and EG as well. No better time for shorters to enter.
High RR means I am not too worried about losing this trade if it doesnt go my way. But if i got it right then i will be very happy.
I also drew a smaller fib which is where I will have my tp1 at the 618 retrace on the smaller retrace.
Coming back to reality...there is a very high chance that a wick will take out the stops placed above this current building of resistance, so it would be more than wise to either scale out or set a sl a little higher than what I have indicated. I am going to scale out so that SL i have will be my first exit point of a small position.
Anyway, gl to anyone who takes this trade and EG with me.
High RR means I am not too worried about losing this trade if it doesnt go my way. But if i got it right then i will be very happy.
I also drew a smaller fib which is where I will have my tp1 at the 618 retrace on the smaller retrace.
Coming back to reality...there is a very high chance that a wick will take out the stops placed above this current building of resistance, so it would be more than wise to either scale out or set a sl a little higher than what I have indicated. I am going to scale out so that SL i have will be my first exit point of a small position.
Anyway, gl to anyone who takes this trade and EG with me.
Commento:
Ok sorry to confuse you guys, when i meant my first take profit was the 618 fib i meant i will take out maybe 25% of my position at 184.8 ish to reduce risk and maybe even find a place to reenter to keep the same position but average it down
Commento:
easy money :). So i took profit and now only have 50% of original position open and just gonna let it ride for thousands of pips lol.
Your welcome.
Your welcome.