Hourly channel into the Sell Zone - Looking for a good entry conformation on the hourly candle - (Retest of the trend-line support now resistance or another run at the downward slopping channel resistance to get a good risk reward)
FIB Expansion target will change if we get a higher high in the hourly channel, but i intend on running 6 closing targets in the short direction - 23.6, 38.2, 50.0, 61.8, 72.3 & 100.0.
Stop to break-even once 38.2 FIB is hit.
FIB Expansion target will change if we get a higher high in the hourly channel, but i intend on running 6 closing targets in the short direction - 23.6, 38.2, 50.0, 61.8, 72.3 & 100.0.
Stop to break-even once 38.2 FIB is hit.