Here is a pattern @ 1287 in which i would have a sell limit in place and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% fibonacci levels. IF/WHEN first targets are met, half of the position would be closed for profit and stop loss for the second half of the position will be moved to break-even, ensuring a risk-free trade.
Thank you for your support.
Risk: 10.75 points x 2 = 21.50 points
Reward #1: 11.6 points. R:R = 1:1.1
Reward #2: 18.8 points. R:R = 1:1.75
Plan your trade... Trade your plan.