Point B is between 0.382 - 0.618 of XA
Point C nearly reached 0.886
Entry at point D i.e. 0.886 fibo retracement
Trade plan:
Stop loss above resistance
TP between 0.382 - 0.618 when Stoch RSI has reached oversold,
or hold till price touches 0.618 for a nice 1:3 risk-to-reward ratio
Point C nearly reached 0.886
Entry at point D i.e. 0.886 fibo retracement
Trade plan:
Stop loss above resistance
TP between 0.382 - 0.618 when Stoch RSI has reached oversold,
or hold till price touches 0.618 for a nice 1:3 risk-to-reward ratio