Cable looking to retest high - nice risk to reward trade
First we look at the daily for long term trend - this is no problem to identify - its UP.
Now we look to enter the long term trend intraday, and this is what I see. A nice risk to reward. Problem is I cant see if we will hit 50 % or 61 % or even trendline @ 78 % fib.
So this is how I will enter.
1 position @ 50 %
1 position @ 61 %
1 position@ 78 %
Happy trading
Now we look to enter the long term trend intraday, and this is what I see. A nice risk to reward. Problem is I cant see if we will hit 50 % or 61 % or even trendline @ 78 % fib.
So this is how I will enter.
1 position @ 50 %
1 position @ 61 %
1 position@ 78 %
Happy trading