While ETP in consolidation - I try to trade from the limits of consolidation. The pink channel is the bottom line. The black trend line is the upper limit. It is possible to get out of the pink channel for a test fibo level $ 1.24. Therefore, if the price goes to my side - I will watch how aggressive sellers are.
enter 1.605
stop 1.663
target 1: 1.36
Target 2: 1.24
If the price goes below 1.24 - the next target is 0.93-0.95.
enter 1.605
stop 1.663
target 1: 1.36
Target 2: 1.24
If the price goes below 1.24 - the next target is 0.93-0.95.
Trade closed: stop reached
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