A quick sell stop entry on GC at 1295.8

I place a sell stop and was triggered just as i was doing my analysis. Time is tight so if it pops up back to the 61.8% level, give it a short guys.
The risk to reward is acceptable and the distribution in volume adds some confidence in this trade.

Trade active

Sorry the circle is meant to be at the volume bars

Trade active

I shorted at 1297.4 and stop is above 1300 at 1302. I'm targeting my first exit at 1292 low's. If the momentum that leads to 1292 is slow, i may take full profit.
Stop has not been adjusted.

Trade active

First Target has been achieved and stop moved to breakeven. Will move stop to protect profit if possible.

Trade closed: stop reached

I was taken out by a spike on the 1 hour chart and have no trades at the moment.

trutt79

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trutt79

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