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morganfreefarm : Don't like the Risk-Reward ratio. I'd adjust stop loss to 115.
Provisionally : I’ll short at 115 instead.
Provisionally : Update: Not sure if should short anymore.
morganfreefarm : Selling at resistance and buying at support is what you should be doing. But I do not like your RR ratio.
Mett : Do u mean u are gg to short if price reaches 102.85?
The Investor 101OP Mett: I will be entering the sell trade at 102.85
102987738 The Investor 101OP: not going to happen. It retraced at 61.8% retracement
Mett The Investor 101OP: High/low of cloud are strong support/resistance. If price manages to hit 102.85, meaning it punches through low of cloud, also means breakout of upper channel (the point where these 2 meet will be a strong one). That’s some strength. And high of cloud now becomes strong support. Lower probability if short not far from above. But what do I know? Just saying…