6.19

6/19 10am EST- Here's another perfect setup for a long (buy) hedge on 1hr chart. We have 2 channels, the green and purple channel. Price touched 23.6 fibo with confluence of purple lower channel and 72EMA, pin bar formed. Stoch crossed up and CCI just crossed above -100 level. A good indication of price reversal.

But since long term bias is still bearish, and it is just a retrancement of the 23.6 fibo, we might just gonna see a small reversal here. So, I used only 2% margin for this trade. Exit will probably in the middle of the previous swing and upper purple channel. If price didn't reach those level and continues its bearish move; I'll enter a position (long) again at 38.2 of 50 fibo.