I have a pending sell stop to catch this short opportunity if my 100.00% fib resistance holds.
Fib resistance, Double top, and 4H RSI <50 support this position.
SL just above fib resistance, TP just above descending channel support for R:R of 3.76
Komen
Miz
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I have re-entered the trade now, in between a 50 to 61.8 retracement of the previous down wave, same tp as you have however this time R:R is better :) what do you think?
forexmech
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Sell stop triggered... Its the gap which triggered the trade.
QuileHills
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Yes, lucky for me I canceled the pending order Friday before market close.