Many confluences to take the trade. First of all, very nice head & shoulders formation printed just lately. Secondly, the price sits at the 61.8 fib level at the moment. Thirdly, the trendline to the downside has been broken. And, also daily res is at these prices.
The best thing is that stop loss is very tight which means low risk, and the reward is pretty delicious.
The best thing is that stop loss is very tight which means low risk, and the reward is pretty delicious.
Trade closed: stop reached