The daily and weekly trend are bearish and im only looking to click the red button. However, we are at strong support and there is likely at least one small bounce left before breaking support. I am being patient and looking to catch the next wick down for my entry. If the daily closes as a reversal we can move our entry up. My target is previous swing high in confluence with other recent swing highs. Target is also the 21EMA which rejected price on last attempt to go above. Stop is below 377EMA and many swing lows. Risk/Reward Ratio: 2.0 Account Risk: 3%
Comment:
Target hit and price rejected. Perfect trade.