Hoping to capitalize on what I said in the title!
What I am doing: See text description in the chart + visual description.
Basically the 50 fib line is strong and I am expecting a rebound to a consolidation zone at the very least. I'm safe so I won't be extending the TP past the consolidation zone.
Risk reward is mouth watering.
Stop loss is set to reduce the risk of being stopped out. Thinking ahead: 🧠
Fibs GoatWay
What I am doing: See text description in the chart + visual description.
Basically the 50 fib line is strong and I am expecting a rebound to a consolidation zone at the very least. I'm safe so I won't be extending the TP past the consolidation zone.
Risk reward is mouth watering.
Stop loss is set to reduce the risk of being stopped out. Thinking ahead: 🧠
Fibs GoatWay
Comment:
EDIT: this trade did not trigger, but there was a double top.
Comment:
edit 2: ok it wasnt really a double top . I play it safe, and the trade was not triggered. I am unphased. I did not lose anything.