I have been stopped out of my trade so far. I bought @ 43600, and added @ 42600, but was stopped @ 41600.
So I went back to the chart trying to find clues that would help me setup new entry points.
On the daily chart I identified a trend channel. I setup my fib levels according to the significant daily lows and highs. Also I identified the current falling trend and I set up my entry in such way that price action needs to brake that trend prior to entering. Confirmation will be needed for the trend change, but I will be watching closely. My entry is @ 41500 with a stop @ 40500.
So I went back to the chart trying to find clues that would help me setup new entry points.
On the daily chart I identified a trend channel. I setup my fib levels according to the significant daily lows and highs. Also I identified the current falling trend and I set up my entry in such way that price action needs to brake that trend prior to entering. Confirmation will be needed for the trend change, but I will be watching closely. My entry is @ 41500 with a stop @ 40500.