Asset and Time frame -PEP,4H daily
Entry Price -133.50
Exit(Stop Loss) -130.84
Exit(Take Profit) -143.24
Technical Analysis -Pepsi has been going down for awhile and now it has reached the daily -61.8 Fibonacci level and closed with a good bullish engulfing candle plus some decent volume, I entered the position risking 0.75% instead of 1% because of the market conditions, stay safe :)!
Good luck
Entry Price -133.50
Exit(Stop Loss) -130.84
Exit(Take Profit) -143.24
Technical Analysis -Pepsi has been going down for awhile and now it has reached the daily -61.8 Fibonacci level and closed with a good bullish engulfing candle plus some decent volume, I entered the position risking 0.75% instead of 1% because of the market conditions, stay safe :)!
Good luck
Trade closed: stop reached:
4H Candle closed bearish and turned on the trade