Fib Channel & Pivot Support

Hey Guys,

I have just opened a BUY position on NASDAQ with a X20 leverage.
Amount: $1154
Stoploss: 12473 : $360 loss
Target: 13700 : $1874 profit
Time: approx 9 days

Looking at the 4 HOUR chart i see a clear rejection off the -0.618 level (12542).69) on the Fib channel and the price is just above 0.618 level (12470)
Also the S1 pivot level (12506) is support just below. the price. Our target is set to the 1.618% Fib Channel.

Please hit the like button if you agree with my idea or leave a comment if you have other thoughts.

Thanks for sharing!
Cheers!