Hey guys,
With a break below the low of the 78.60% extension it can test the 100% fibonacci extension pretty soon. I will buy it when it goes to the 100%. With a stop loss below the 161.80% extension. If it moves straight away from here i wont buy it anymore.
Hope that helps. Only risk 0.5% from your account otherwise you will get a margin call very soon.
Cheers
With a break below the low of the 78.60% extension it can test the 100% fibonacci extension pretty soon. I will buy it when it goes to the 100%. With a stop loss below the 161.80% extension. If it moves straight away from here i wont buy it anymore.
Hope that helps. Only risk 0.5% from your account otherwise you will get a margin call very soon.
Cheers
Comment:
As we said, we bought it at the 100% Fibonacci extension, and we are already risk-free! Now let's see whether it makes new highs or not.
Comment:
We are still holding it with a breakeven trade from the 100% extension, lets see!
