Setup Timeframe: Daily
Entry Timeframe: 4H (Order Set)
Risk: 2.74%
Reward: 6.79%
Reasons for Entry: Entry near 61.8% fib level, and at previous resistance level that should now act as support.
Reasons for SL placement: Below the 78.6% level.
Reasons for TP placement: Near the -0.27 fib extension level, below current R1 level.
Note: Idea from Corey
Entry Timeframe: 4H (Order Set)
Risk: 2.74%
Reward: 6.79%
Reasons for Entry: Entry near 61.8% fib level, and at previous resistance level that should now act as support.
Reasons for SL placement: Below the 78.6% level.
Reasons for TP placement: Near the -0.27 fib extension level, below current R1 level.
Note: Idea from Corey