Short oppertunity after fib

29 thg 8, 2022

Here we can see perfect example. We are in a bearish trend = we only go short. Now we are waiting on a pullback on a support zone for the short trade. We are placing our fib retracement tool and see it would perfectly bounce off the 38.2 lvl. Which is also the previous support level for short trades. We are basically now waiting for a bearish candle stick pattern when it bounces off the 38.2 and then we would go short with hopefullly 60 pips profit