Entry: within the 2 green lines
Target: within the 2 red lines
Stop: white line (where the higher low thesis is invalidated)
R:R: 1.83
Reason for entry:
- 1st rounded retest after S/R flip
- confluence of 0.618 fib retracement from interim swing low to swing high
Target: within the 2 red lines
Stop: white line (where the higher low thesis is invalidated)
R:R: 1.83
Reason for entry:
- 1st rounded retest after S/R flip
- confluence of 0.618 fib retracement from interim swing low to swing high
Trade active
Trade closed: stop reached:
This is why you need SL to save you from this kind of blow and to let you know that you are wrong.