- In a bullish trend
. We look for LONGS. Expecting price to bounce in our green fib zone, three orders at (1) 112.808, (2) 112.616 and (3) 112.424. This trade can be run with a larger stop but R/R is not as good. If stop hits there will be another entry.
Timeframe - 6H
Supports - (1) 112.808, (2) 112.616 and (3) 112.424
Stop - 112.184
Resistance/Limit - 113.598
As per my trading style I scale in and scale out of positions in green and red box respectively.