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
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