I tried to show you how I would approach a trade. I only entry a trade based on the 4 hour / daily chart and I try and trade the bigger weekly moves. Targets? The answer is simple; Fibonacci. A good (trend-based) Fibonacci is all you are ever going to need. So how to approach this trade. Sell between 14494 / 19494. Wait for the correction and buy between 11494 / 8449 to sell again between 23494 / 27494. I drew out my expectations in the blue dashed cup and handle.
And either way, I didn't buy the top and are in a good position to get a nice return when we hit the first target. I always choose the more modest side of a target so in this case the first target is 14494.
@iera Hi there, thanks for the TA. I got in early on this, do you think this trade is still open? I'm a little confused about my own TA and would like another opinion.
iera
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Ooh yes, I'm still quite sure we will hit the target and I would only be worried if we drop below the green dashed trendline and can't recover above it. Good luck!