Possible long trade:
- Has broken the resistance and has turned support (has already retested, but looking for another retest)
- Fib level 38.2% tested
- Ascending TL
Will see if it retests again to take an entry. If not, may not enter the trade as SL/risk will be too high. Will take it to the target level and you can also scale out at the first resistance level.
- Has broken the resistance and has turned support (has already retested, but looking for another retest)
- Fib level 38.2% tested
- Ascending TL
Will see if it retests again to take an entry. If not, may not enter the trade as SL/risk will be too high. Will take it to the target level and you can also scale out at the first resistance level.