Setup Timeframe: Daily
Execution Timeframe: 4H
Risk: 3%
Reward: 9%
Reasons for Entry: BRC -0.38% of a bullish TL, lines up with Willis zone on bearish fib, and up against a supply zone on the daily chart , and a 200 MA on the 4H chart.
Reasons for SL Placement: Right above the 78.6 fib level, above the bullish TL, and right above a bearish TL.
Reasons for TP placement: Good RR, right below the -0.27 fib extension level.
Execution Timeframe: 4H
Risk: 3%
Reward: 9%
Reasons for Entry: BRC -0.38% of a bullish TL, lines up with Willis zone on bearish fib, and up against a supply zone on the daily chart , and a 200 MA on the 4H chart.
Reasons for SL Placement: Right above the 78.6 fib level, above the bullish TL, and right above a bearish TL.
Reasons for TP placement: Good RR, right below the -0.27 fib extension level.