Trade Idea:
Short Entry: Below 1.3837
Target: 1.618 Fibonacci extension (0.7373)
Stop Loss: Above 1.5 Fibonacci retracement (adjust based on volatility)
📉 Bearish Confirmation Needed:
A break and close below the 1.0 Fibonacci level
Increased selling volume
Failure to reclaim key retracement levels
📊 Risk Management:
Always manage risk properly by adjusting position size and setting a stop-loss level. This setup aligns with a potential continuation of the bearish trend. Monitor price action and market conditions before executing the trade.
Let me know if you want to add any details or modify the idea! 🚀
Short Entry: Below 1.3837
Target: 1.618 Fibonacci extension (0.7373)
Stop Loss: Above 1.5 Fibonacci retracement (adjust based on volatility)
📉 Bearish Confirmation Needed:
A break and close below the 1.0 Fibonacci level
Increased selling volume
Failure to reclaim key retracement levels
📊 Risk Management:
Always manage risk properly by adjusting position size and setting a stop-loss level. This setup aligns with a potential continuation of the bearish trend. Monitor price action and market conditions before executing the trade.
Let me know if you want to add any details or modify the idea! 🚀
Trade active
Near the target lolTrade closed: target reached
close short
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.