IOST Set-up For Sniper Trade
IOST has been enjoying an increase in volume, it recently got rejected at the previous high, and we might be able to do a sniper trade at the 0.618 retrace.
A limit buy order at 0.006232 area might get tagged and then you drop the nuke on the bounce.
A retrace to 0.005459 is less likely though it has stronger support.
Which support is the question.
A limit buy order at 0.006232 area might get tagged and then you drop the nuke on the bounce.
A retrace to 0.005459 is less likely though it has stronger support.
Which support is the question.
Trade closed manually:
Successful Trade.
Comment:
This trade can be repeated at 0.786 fib support.