- Price respecting dynamic resistance
- Clear rejection of 61.8 fibonacci level, indicating transfer of momentum to sell side
- Clear bearish market structure with lower highs and lower lows, anticipating next impulsive move to the downside
- 1:6 risk to reward ratio for this trade, 2% risk as always
- Clear rejection of 61.8 fibonacci level, indicating transfer of momentum to sell side
- Clear bearish market structure with lower highs and lower lows, anticipating next impulsive move to the downside
- 1:6 risk to reward ratio for this trade, 2% risk as always