I’m liking our double bottom on the 1hr chart off the 50ema. Fib retracements are looking to hit 5% n more… charted entry was already made at 0.00035101 using the ATR to measure entry, stops, and exits….
Entry: 0.00035101
Exit: 0.00036771 (5%)
Using the fib retracement tool we are Measuring from the wick of our swing low, that bounced off the 50ema, back to the top wick our previous high and we see that the bodies of both candles are within the .382 retracement.
Using the ATR indicator I set my stops 1% below the 50 ema and looking to enter around $121.33 and because our 382 fib retracement engulfs...
