LICHGFN - Bearish Engulfing + Fib Retracement

The stock made bearish engulfing pattern from the 0.786 levels and seems bearish to retrace to the stronger 0.618 level of 265.
Choose an entry position based on your risk appetite.

Strategy 1: 'High-er' Risk & High RRR
In-case of normal or gap-up opening, Short for 270, 267, & 265 with SL at 278.
(Can wait for any small uptrend with the risk of losing out on opening downfall)

Strategy 2: 'Less' Risky & Low RRR
Short below 270 for 267 & 265 with SL at 274

In case of gap-down opening - Wait and Watch.

Handel aktiv:

Sell Triggered at 278 for T1 270 and trailing SL after that for 265; SL 281

Handel aktiv:

Bullish Market - but hanging in there; Anyway exposure is less - not updating SL

Trade stängt manuellt:

Exited at 277.4

Handel aktiv:

Sell triggered at 275

Trade stängt: Stopp nått:

Stop reached at 278