Currently have a throwback entry position currently seeing exhaustion and indicating that we should fall lower once again.
Bearish arguments:
- Previous S/R
- M15 150 EMA resistance
- 0.382 Fibonacci level
-3 rejection wicks at S/R
Current entry - 117.582
SL - 117.975
TP 1 - 116.95
TP 2 -116.420
RR: 2.9:1
Once TP 1 is hit i will sell 1/3 of my position and move stops to break even.
Once TP 2 is hit i take another 1/3 of the original position and leave the remaining position to run
Let me know what you guys think and if you enjoy these ideas then please consider liking and following for more, thanks
Bearish arguments:
- Previous S/R
- M15 150 EMA resistance
- 0.382 Fibonacci level
-3 rejection wicks at S/R
Current entry - 117.582
SL - 117.975
TP 1 - 116.95
TP 2 -116.420
RR: 2.9:1
Once TP 1 is hit i will sell 1/3 of my position and move stops to break even.
Once TP 2 is hit i take another 1/3 of the original position and leave the remaining position to run
Let me know what you guys think and if you enjoy these ideas then please consider liking and following for more, thanks