I place a sell stop and was triggered just as i was doing my analysis. Time is tight so if it pops up back to the 61.8% level, give it a short guys.
The risk to reward is acceptable and the distribution in volume adds some confidence in this trade.
Trade active:
Sorry the circle is meant to be at the volume bars
Trade active:
I shorted at 1297.4 and stop is above 1300 at 1302. I'm targeting my first exit at 1292 low's. If the momentum that leads to 1292 is slow, i may take full profit.
Stop has not been adjusted.
Stop has not been adjusted.
Trade active:
First Target has been achieved and stop moved to breakeven. Will move stop to protect profit if possible.
Trade closed: stop reached:
I was taken out by a spike on the 1 hour chart and have no trades at the moment.