Price has completed a bearish Gartley pattern. Willing to trade it with a great risk/reward ratio and since placing stops above X point requires a larger risk, I am considering trade price action in its PRZ. This way aiming for the 0.382 and 0.618 fib retracements of the AD wave we do have two great positions with risk reward >4:1
RSI is overbought - a good confluence..
Have a nice trading week...!
RSI is overbought - a good confluence..
Have a nice trading week...!
Trade closed: target reached:
We move stoploss at breakeven to second position
Comment:
Both targets reached ;)