Today I took 2 trades but got stopped out with a loss but after analizing the market for 2hours I finally found this:
- fib 0.5 retracement in the downtrend
- bearisch divergence on the RSI
- Good risk to reward because we know that if price breaks above the key resistance our trade is invalid so we know that we can have tight stop but wide target
- target set to previous low but I will let profits run if it breaks trough with an trailing stop
- fib 0.5 retracement in the downtrend
- bearisch divergence on the RSI
- Good risk to reward because we know that if price breaks above the key resistance our trade is invalid so we know that we can have tight stop but wide target
- target set to previous low but I will let profits run if it breaks trough with an trailing stop
Trade closed: stop reached
Trade active