Good day snipers. I have been monitoring this trade in the past week and looks like price has rejected the resistance zone again with that bearish engulfing candle on the 4H. It also has been rejecting the 23.6 fib level retracement several times now and an overall downtrend on the 4H and 8H time frames. Stop Loss would be just above that resistance and fib level. Decent 2:1 risk:reward ratio where the take profit level would be on the strong support zone .
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Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up.
Ideas posted are not financial advise, but merely just to give insights and education for traders.
Past performances do not determine future gains.
As sniper traders, we tread carefully, then we take shots immediately.
Join the discussion down below