SHORT ADAU18 R/R: 3

Entry point at 0.5-0.618 fib retracement.
Stoploss above last high.
T1: 1:1 fib ext confluence with previous low.
T2: 1:16 fib ext confluence with ATL

Risk/reward: T2 almost 3
10x leverage

STILL BEAR TREND

Trade ist aktiv:

Just entered, nice rejection wick

Kommentar:

Ideally, this retrace should en at the rectangle area (0.5-0.618 fib and 55 or 89 EMA 1H).

If it does, we can move our stoploss to 1433

Kommentar:

Rejection inside the triangle, now we wait to get a lower low to move our stoploss

Trade geschlossen: Stop wurde erreicht:

Stop reached at 1433. We've got 8.5% loss. Big green candle destroy our analysis.

That is trading.