TRX is retracing right now and based on current situation, trade could be set up like this:
- entry at 357 (this is 38.2% Fib retrace level and 61.8% FiB extension level and resistance/support from the beginning of TRX era)
- stop loss is a little bit tricky. I won't risk much and will set it up just bellow 61.8% Fib retrace level at 328
. target 1 at previous high at 394
- final target for this trade just bellow 161.8% Fib extension level
Big picture:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
- entry at 357 (this is 38.2% Fib retrace level and 61.8% FiB extension level and resistance/support from the beginning of TRX era)
- stop loss is a little bit tricky. I won't risk much and will set it up just bellow 61.8% Fib retrace level at 328
. target 1 at previous high at 394
- final target for this trade just bellow 161.8% Fib extension level
Big picture:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trade active
Trade closed: stop reached:
Another bummer.
