Price in mid term down trend, retested previous breakout area as resistance. Had a 50% retracement, rejecting at resistance / 50% fib level. Began to see wicks at upper bb band, price over extended - ma crossing bearish on stoch. Closed with a bearish engulfing on 15 min.
Stop loss: Placed above resistance - past high wick
Take profit: At support low - half order. Second half to hold on to break of flag - fib extension levels
Stop loss: Placed above resistance - past high wick
Take profit: At support low - half order. Second half to hold on to break of flag - fib extension levels