Hey everyone, I have a setup here $JD-SW(09618)$
On the H4, with prices moving within a descending channel and below the ichimoku indicator, we have a bearish bias that prices will drop from sell entry at 229.0 where the pullback resistance and 23.6% fibonacci retracement are to the take profit at 189.4 where the swing low support, 78.6% fibonacci projection and -61.8% fibonacci expansion are. Alternatively, prices could break entry structure and rise to stop loss at 269.6 where the swing high resistance, 78.6% fibonacci retracement, 161.8% fibonacci extension and -61.8% fibonacci expansion are.
Entry:229.0 [Smile]
Take Profit:189.4 [Miser]
Stop Loss: 269.6 [Cry]
$JD 5xLongSG230329(DTZW.SI)$
$JD 5xShortSG230620(DGNW.SI)$
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