Parameters : Position Size : % 1 Risk/Reward Ratio : 3 Stop-Loss : 1143.30 Goal : 1009.85 *** NOTE : TP1 => Take Profit 1 Level : 1077
Parameters : Position Size : %1 Risk/Reward Ratio : 2.4 Stop-Loss : 784.11 Goal : 753.36 *** Note : I think we can close below the target (Goal on above) tomorrow.
For a Long Trade: wait for a reversal to upside / (Clues> Long wicks and a lot rejections at the area. Let see if the buyers can hold. ** OR ** For a Short Trade: Look for a break to the downside. Be patience and wait for the right moment. Caution: Watch out for fade out / fakes out. Trade Safe.
Although the main trend is definitely bullish, this might be a good area to look for sell opportunity on short term Reasoning behind importance: - ABCD extension - fib confluence - strong structure level Future may give additional clues, or show the insignificance of the area. but as for now, it does'nt hurt to keep an eye on it.