This is a follow on from a previous idea here: . The price is nearing support areas so I have now identifies entry points. I have outlined two profit taking opportunities. outlined on the chart.
The resistance is from the previous lows and Fibonacci retracements which line up with the Gann analysis.
Trade active
⋅
Price movement triggered buy orders.
Comment
⋅
I moved the Stop loss to the entry price to neutralise risk. Some potential for price to move lower again and find lower low, thus negating risk now.
Trade closed: stop reached
⋅
Trade fell back and hot neutralised stop at open position. There is potential to open a short trade to the secondary Gann support area shown on the graph of the first idea, I will investigate further.