Setup Timeframe: Daily
Execution Timeframe: 1H
Risk: 1.866%
Reward: 3.6%
Reasons for Entry: At a daily resistance zone and 61.8% fib level, showing rejection of the fib level on the hourly chart.
Reasons for SL placement: Above the 61.8% fib level and above resistance level and wicks.
Reasons for TP placement: Good RR, around a level that once provided some resistance.
Execution Timeframe: 1H
Risk: 1.866%
Reward: 3.6%
Reasons for Entry: At a daily resistance zone and 61.8% fib level, showing rejection of the fib level on the hourly chart.
Reasons for SL placement: Above the 61.8% fib level and above resistance level and wicks.
Reasons for TP placement: Good RR, around a level that once provided some resistance.