Sell at the 0.382 Fib Retracement at Hourly level. It is also a 0.5 Fib Retracement at Daily level.
Besides, it is a important resistant level.
Lastly, it is today’s pivot point level.
S/L behind 0.5 Fib Daily Level.
Whats your opinion?
Jack
Yeah looks like a good trade to me. 0.618 is also a very good place. If you are going to short at 0.382 place your stop loss above 0.618 ( Don’t forget your risk level. This is just my opinion ).
Also consider a breakout trade to the downside if there is a valid bear cross.