I also looked at which places are great for exiting and this is what I discuss in my idea:
The low risk option would be to exit the trade near the golden pocket or 0.618 fib retracement. This is a logical first place where the price could find resistance.
The medium risk option would be to exit near the resistance line of the ascending channel , this would be the next logical place the price can find resistance.
The high risk option would be to exit slightly underneath a horizontal level of psychological resistance, for instance around $12,000 or even $12,500.
transparent-fx
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definitely possible, bvut first I would like to see a nice retest of the new daily support :)
I also looked at which places are great for exiting and this is what I discuss in my idea:
The low risk option would be to exit the trade near the golden pocket or 0.618 fib retracement. This is a logical first place where the price could find resistance.
The medium risk option would be to exit near the resistance line of the ascending channel , this would be the next logical place the price can find resistance.
The high risk option would be to exit slightly underneath a horizontal level of psychological resistance, for instance around $12,000 or even $12,500.