Based on bigger picture (bellow), I'll go with 5% risk with trade as charted - entry an long term resistance, stop loss bellow previous low, target 1 at 0.382 Fib retracement level and final target at 0.618 Fib retracement level of last drop. If things will be OK, I'll leave part of trade for longer run.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Bigger picture:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Bigger picture:
Trade active
Took a while, but I'm in.Trade closed: stop reached
Stop reached after painful and slow bleeding :(
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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.