After ranging the price closed below the daily support, on the 4HR it is forming a double top and the neckline is also the FIB 0.618 of the retracement. I think that if the 4HR candle closes below the neckline price might go down further.
I will wait for the candle close below and then sell on the retrace. R:R for TP 1 and moving stop to BE is 1:1 and 1:2.2 for TP 2. Should price reach the 1.673 range without retracing I will consider this setup invalid.
This is not a signal, I am still learning and any feedback would be greatly appreciated.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.