Description
⋅ Setup Timeframe: 4H
Execution Timeframe: 4H
Risk: 3%
Reward: 6%
Reasons for Entry: Broke through a daily support, retesting it which aligns with about the 50% - 61.8% bearish fib zone.
Reasons for SL Placement: Above the 78.6% level, and well above the broken support, and above the bodies of the recent high.
Reasons for TP placement: A little above the -0.27 fib extension level, should go down to this zone.