Bearish Bias;
- Higher Low on Weekly TF Wicks (13th & 27th April Weeks)
- Break of 4hr CTL will confirm a melting of GU
- 1st Target to Fib level -27
- Swing Target to previous monthly low (April)
- Stop placed above a previous 4hr candle wick (accounting for slippage)
- Higher Low on Weekly TF Wicks (13th & 27th April Weeks)
- Break of 4hr CTL will confirm a melting of GU
- 1st Target to Fib level -27
- Swing Target to previous monthly low (April)
- Stop placed above a previous 4hr candle wick (accounting for slippage)
Trade closed: target reached:
Closed at TP2 target!
Longer swing target is still valid as overall bearish bias remains.
*Compounded at -27 Fib level pullback*