D: Uptrend, price retraced 61.8% and hit -61.8%
4: Consolidation, price retraced 38.2%, hit -27% and consolidated.
1: Downtrend, price retraced 38.2% + bullish divergence with a gap at market open.
CURRENTLY:
I'm looking to see if price will close the gap and retest 1H trendline, then go short to -27 on minior structure fib.
TP @ 0%
TP2 @ -27%
TP3 @ -61.8 Possible, with trailing SL
4: Consolidation, price retraced 38.2%, hit -27% and consolidated.
1: Downtrend, price retraced 38.2% + bullish divergence with a gap at market open.
CURRENTLY:
I'm looking to see if price will close the gap and retest 1H trendline, then go short to -27 on minior structure fib.
TP @ 0%
TP2 @ -27%
TP3 @ -61.8 Possible, with trailing SL
Trade closed: target reached:
Price finally came back and closed the gap. Then, went short and hit TP 1 for 110 pips and TP2 for 150 pips on Thursday. Patience and WAIT for good entry!