Context:
The last drop stopped perfectly at the golden zone ( 0.618 of the previous impulsive wave ), which indicates that there's potentially another impulsive wave (Either a C wave or a 3rd), this is a highly profitable trade yet pretty safe.
Buy in: 1550
Take profit 1: 2200
Take profit 2: 2500
Stop loss: 1400
Profit/loss ratio : 850/150 or 6/1
The last drop stopped perfectly at the golden zone ( 0.618 of the previous impulsive wave ), which indicates that there's potentially another impulsive wave (Either a C wave or a 3rd), this is a highly profitable trade yet pretty safe.
Buy in: 1550
Take profit 1: 2200
Take profit 2: 2500
Stop loss: 1400
Profit/loss ratio : 850/150 or 6/1