D: Uptrend, price retraced 61.8% and hit -27% so far
4H: Uptrend, price retraced 38.2% + bearish divergence on RSI
1H: Uptrend, price retraced 50% + bearish divergence on RSI
I'm looking to see if price will retest minor trendline and go long to -27 on minor structure fib
THEN
continue long on major structure to -27 on 1H fib (which is the same as -61.8 on mnor fib)
~50 + ~75 pips
4H: Uptrend, price retraced 38.2% + bearish divergence on RSI
1H: Uptrend, price retraced 50% + bearish divergence on RSI
I'm looking to see if price will retest minor trendline and go long to -27 on minor structure fib
THEN
continue long on major structure to -27 on 1H fib (which is the same as -61.8 on mnor fib)
~50 + ~75 pips
Trade closed: stop reached