I don't always trade mechs, but when you see a clear one I roll with it.
Ignition on multiple timeframes at the .5, entry between .25 - .144, find a spot with good stoploss, looks like one already happened. I took a hedge from my previous short at the top.
D target ~ 76
Ignition on multiple timeframes at the .5, entry between .25 - .144, find a spot with good stoploss, looks like one already happened. I took a hedge from my previous short at the top.
D target ~ 76
Trade closed: stop reached:
The mech is still valid, by convention your stop should be below 0 on the fib. That's too much loss. Remember you only want to risk 2% of your account. I was stopped. GG wait for a higher low.