We are using Fibo extensions to define the target of the macrostructure. In this case, the first one is around 1050.00 and the 2nd one around 1230.00
What about the setup?
We think the structure is ready, and if the price reaches our Greenline, we will open positions with a stop loss on the horizontal red line. The break-Even level is the new ATH, and Targets can be the first and the second one explained before. Expected duration: 1 to 3 months
Risk Management: We will be using 1% of our Capital on the stop loss.
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