the best looking set up for the coming week,
I was bullish on this last week, however it broke below the support line. I never entered a long as never gave the set up i was looking for.
But now its setting up for a lovely short. if we can get a retest of the broken support line as a new resistance line which is around the .38 fib I would consider a sell. will be around a 3:1 R/R. I would look to put the S/L above the 61.8% fib to give this enough room to play out.
however, as this stands currently, if we don't get the retest then I wont be entering.
don't chase a trade, let it come to you.
I welcome constructive feedback, we are all, always learning.
I was bullish on this last week, however it broke below the support line. I never entered a long as never gave the set up i was looking for.
But now its setting up for a lovely short. if we can get a retest of the broken support line as a new resistance line which is around the .38 fib I would consider a sell. will be around a 3:1 R/R. I would look to put the S/L above the 61.8% fib to give this enough room to play out.
however, as this stands currently, if we don't get the retest then I wont be entering.
don't chase a trade, let it come to you.
I welcome constructive feedback, we are all, always learning.