High RR means I am not too worried about losing this trade if it doesnt go my way. But if i got it right then i will be very happy.
I also drew a smaller fib which is where I will have my tp1 at the 618 retrace on the smaller retrace.
Coming back to reality...there is a very high chance that a wick will take out the stops placed above this current building of resistance, so it would be more than wise to either scale out or set a sl a little higher than what I have indicated. I am going to scale out so that SL i have will be my first exit point of a small position.
Anyway, gl to anyone who takes this trade and EG with me.