We're getting close to the previous structure high which is currently the structure low for this short term up trend. I like the risk/reward here even though I missed the lows.
0.382 Fib level has been key for a while now and we are right at that point from the current swing low to swing high.
Daily Chart Key indicators:
Fib 0.382 Level.
1.1039 Structure Low support.
Above 50 MA.
15 EMA First Crossover Touch.
1.11000 previous whole number support.
Risk = 2.85 : 1
UPDATE: After being up 100+ pips twice, news hit and destroyed this trade but the real lesson here is that I should have at least break-even'd my trades to make it risk free.
0.382 Fib level has been key for a while now and we are right at that point from the current swing low to swing high.
Daily Chart Key indicators:
Fib 0.382 Level.
1.1039 Structure Low support.
Above 50 MA.
15 EMA First Crossover Touch.
1.11000 previous whole number support.
Risk = 2.85 : 1
UPDATE: After being up 100+ pips twice, news hit and destroyed this trade but the real lesson here is that I should have at least break-even'd my trades to make it risk free.
