Bankster

0.618 Fibo from Nov. 2016 low to 2017 high 200 daily MA channel bottom SL: up to YOUR MM TP: 50 daily MA, at least 2R

If we close the week with something like a gravestone doji, 10800 is the minimum target

Wave, RSI divergence and fibo level short 2292 SL 2321 TP 2040

SL and TP in chart

volume + RSI + PA + macro data, everything confirms the sell off, strong short, SL over daily R1 10937 TP1 daily S2 @9780 TP2 9450 TP3 8800

Price got rejected at triple confluence area (monthly pivot R2, 76.4% retrace from AllTimeHigh to August low 2015 and trend channel), I will now use scale-in entry to build up short, start with 1/5 regular position size @17500 and will add 1/5 every 200pt if price goes higher. Minimum target 100DMA and later 16000, SL 18037 Also keep watching for RSI divergence ...

SL 8600 since it is aggressive counter trend, I will quickly take partial profit after 1R is reached and tighten SL to BE

SL 1247.5 TP1 1R exit half, SL to BE ... TP 2 ... let run

I don't know whether the bottom will hold, but that doesn’t matter because I know my risk. There is no guru way in trading, he only thing all the successful traders have in common is there winner are far bigger than their loser over a large series of trades.

Enter@6880, Target 50/100 DMA SL few pips below recent low

1.272 Fibo and AB=CD finished, possible reversal from here If 1.4270 not hold target 1.45xx highly likely Since it's an aggressive trend fading trade, only 1/4 regular position and move SL to BE as soon as the price has moved to 1R profit