The last 2 days there was a very strong down broke the previous support, there must be a correction first for the price to continue the decline
Entry: wait for the price to touch the 2.618 first, and a maximum of 3 candles after that line is touched, the price must show rejection.
if the price does not reach the line and it has shown a strong upside potential. then you can enter right away
SL: we monitor the price respects the line or not, if price doesn't show rejection on that line, then it must be watched out
TP: for Tp, you can follow the risk reward line on the right (lime line), final tp at 0.618
Entry: wait for the price to touch the 2.618 first, and a maximum of 3 candles after that line is touched, the price must show rejection.
if the price does not reach the line and it has shown a strong upside potential. then you can enter right away
SL: we monitor the price respects the line or not, if price doesn't show rejection on that line, then it must be watched out
TP: for Tp, you can follow the risk reward line on the right (lime line), final tp at 0.618
Trade closed: target reached:
TP Final RR +4 266 pips
4 trading plan (3 Win, 1 Loss)