Don't mind the 4h chart, it just gives more details. There's a daily chart below, if you prefer it.
Trend based Fib is giving us 0.6200 as level that has to get broken for moving south. I expect some bounce from around here and start loading on shorts in the narrow red area already. Here I'm willing to open just small positions, since stop loss has to be put quite far away. If it will manage to come to the upper red area, I'll be opening bigger positions, since RR will be way better there.
If 0.6200 will get broken for real, I'll reconsider my entries even lower, but let's give it some time.
I'll be shameless here with TPs (marked in green), just have to restrict myself from watching the chart too often :)
Daily chart:
Composite index 1 year:
Composite index YTD:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trend based Fib is giving us 0.6200 as level that has to get broken for moving south. I expect some bounce from around here and start loading on shorts in the narrow red area already. Here I'm willing to open just small positions, since stop loss has to be put quite far away. If it will manage to come to the upper red area, I'll be opening bigger positions, since RR will be way better there.
If 0.6200 will get broken for real, I'll reconsider my entries even lower, but let's give it some time.
I'll be shameless here with TPs (marked in green), just have to restrict myself from watching the chart too often :)
Daily chart:
Composite index 1 year:
Composite index YTD:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active:
Small short triggered.
Trade closed: stop reached:
Bad one, stop reached.
Trade active:
Small short triggered.
Comment:
Added more.
Comment:
Added more.
Trade closed: stop reached:
All stops reached :(
