Setup Timeframe: 4H
Execution Timeframe: 1H
Risk:
Reward:
Reasons for Entry: Bouncing off the 50% fib level, shows good rejection of this level and pivot level on the hourly chart.
Reasons for SL placement: At the 78.6 fib level
Reasons for TP placement: At the -0.27 fib extension level.
Execution Timeframe: 1H
Risk:
Reward:
Reasons for Entry: Bouncing off the 50% fib level, shows good rejection of this level and pivot level on the hourly chart.
Reasons for SL placement: At the 78.6 fib level
Reasons for TP placement: At the -0.27 fib extension level.