Stop Loss: at the Lower High (Origin of the fibo leg)
Take Profit: To the previous low on the 1st of August
*Constantly monitor your SL and TP once get in the trade.
** Once the trade moves in your favor, move SL to break even to reduce risk
*** If you see a reversal pattern before price hits TP, take profit straight away
**** Risk 1% of your capital
DO NOT CLOSE NOW
Dont ever close a position until either TP is hit or price actions tells you otherwise.
It meant to be short
It wasn’t a long trade
Sorry for the confusion