REASON FOR THE ENTRY: Cross of the 2 HULL Moving Average over an Andean Oscillator Sell Condition in 1-Hour Timeframe (2XHULL+AO1h) , MACD 2 Hours is Bearish, MACD in the daily is Bullish, 1000HMA is FLAT
Context:
- Rebounded on the Short Term Resistance (In red)
- Retracement reached 61.8 FIBO
EVALUATION: B-Trade (Medium Size)
TYPE: SHORT
RISK: 0.05 Lots
PROJECTED R:R TARGET: 4.4R
Evolution of the trade in the comments section, below...
Moving SL below BE
SL, 0.2R