Setup Timeframe: 4H
Execution Timeframe: 4H
Risk: 2.165%
Reward: 4.28%
Reasons for Entry: Showing rejection of close to 50% fib level, and 4H pivot level, and retesting recent broken support.
Reasons for SL placement: Above the 61.8% level, above the previous broken support.
Reasons for TP placement: Right above the -0.27 fib extension level.
Execution Timeframe: 4H
Risk: 2.165%
Reward: 4.28%
Reasons for Entry: Showing rejection of close to 50% fib level, and 4H pivot level, and retesting recent broken support.
Reasons for SL placement: Above the 61.8% level, above the previous broken support.
Reasons for TP placement: Right above the -0.27 fib extension level.