Description
⋅ The Setup:
- The price has retested the 61.8% fib retracement level.
- RSI is above 50
- MACD crossed below and above the signal line
- There is a trend line break of the triangle (flag correction pattern)
So we are ready to enter the trade at current market price with the following parameters:
Entry: 17.70 $
Stop Loss: 17.40 $
Profit Target: 18.84 $ (the previous swing high)
Good luck !