watching price for two potential trades.
1. price is consolidating on strong daily support. Looking for price to break and retest resistance (2270) for a long entry. Stoploss below previous structure will access once placing the trade. Take 50% profit just below demand zone, watch price here to see if volume is picking up and trend looks strong, if so let the...
Decent bounce from original sell off, i don't like the lack of volume, bearish pattern and the rejection off 61.8 fib level.
Anticipating a move to the downside in the next few days but will wait for confirmation.
Entry:
Would of entered on the 61.8
Exit:
Start to see solid closes below the 61.8 fib level and i would exit
Timing:
Expecting a couple of weeks for this to play out
