1. Breakout from the
2. Pullback to previous support
3. Fibonacci level in play
4. Moving average respected
5. sell signal
Stops for this type of trade setup is best placed above the where this setup is deemed invalid. The target value should be at least 2x the stop value (or more) - in this case targeting support at 14.50xx
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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