Setup Timeframe: 4H
Execution Timeframe: 1H
Risk: 2.1%
Reward: 4.09%
Reasons for Entry: Clear rejection of the 50% bearish fib level and a resistance zone, and BRC of bullish trendline.
Reasons for SL Placement: Above the resistance and 50% fib level.
Reasons for TP placement: Above the previous swing low.
Execution Timeframe: 1H
Risk: 2.1%
Reward: 4.09%
Reasons for Entry: Clear rejection of the 50% bearish fib level and a resistance zone, and BRC of bullish trendline.
Reasons for SL Placement: Above the resistance and 50% fib level.
Reasons for TP placement: Above the previous swing low.