Hello Traders, we currently got a 2618 trade setup that is about to complete. We got our double top
with break of structure. Of course, this is useless if we don't take into account the 61.8% retracement
. The market is reaching the 61.8 level. We will be looking to short from there. Unfortunately target 1 does NOT have 1:1 risk-reward ratio. See the chart for more details.
Note: We got FOMC statement coming up later in the afternoon. Better to stay outside the market if entry not triggered before the news.
Trade Safe and Good Luck!!