I am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame.
The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level.
IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting resistance.
Don't bet the farm - always exercise good risk management :)
Hit the like button if you dig it and feel free to share if you feel like it.
The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level.
IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting resistance.
Don't bet the farm - always exercise good risk management :)
Hit the like button if you dig it and feel free to share if you feel like it.
Trade active:
Entry made at 1.32703
Price got out of there really fast
Price got out of there really fast
Comment:
Moving stop to break even. Currently at 103 pips profit. I am expecting the resistance level to hopefully break today following which my target should be reached shortly after...
Trade closed manually:
Closing manually banking 144 pips. It was a nice rally and using the fibo levels helped massively in knowing to hold on and use them as lines of defence. I will re evaluate the pair and share my view in a new trade idea.