MattDube

MattDube Updated 

price bounced off the 0.79 fib level on the 1 hour timeframe

MattDube

if price continues to go higher and closes above resistance then it changes the sell setup. the red fib lines are in linr with 1hour TF(TimeFrame).

MattDube

waiting to see if price retests and rejects the area around the trendline (blue arrow) and take short trade. Fairly new to this so any comment is welcome. Trade carefully.

MattDube

Looking to sell at yellow highlighted area because its between the 0.62 and 0.79 fib level, which is also a good place for price to retest and continue going down. SL above resistance or 100 fib level...

MattDube

Double Top formed so looking for perfect entry for another short trade. Just my thoughts, feel free to comment below. I'm relatively new to trading so any input or opinions are welcome. Thank you

MattDube

Bounce off of Fib level 0.62 and Support Zone.