- Key supply area and failing to break
- Price is exhausted / long extended wicks
- Bearish pressure
- Break of 0.786 fib level and close below
I'll be placing an order @ 0.618 fib level. If price closes below the 0.786 fib level then I expect a move to the most recent lows.
- Price is exhausted / long extended wicks
- Bearish pressure
- Break of 0.786 fib level and close below
I'll be placing an order @ 0.618 fib level. If price closes below the 0.786 fib level then I expect a move to the most recent lows.
Trade closed: stop reached:
Order wasn't triggered - price made an aggressive move in the other direction. Had good reason to take this trade, but unlucky it didn't pay off.