Long from 1.4775 Fib confluence to the PIP with 618 retracement and fib inversion 1.27.
The trend is up and we are also at previous structure
Trade closed: stop reached
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Shame, as I really liked this set up.
Regret not moving my stop below the initial consolidation level when we were in the green soon after entering. Could have easily secured 20 pips. #trade&learn moving on.
looks like its on its way up now? what do you think?
NickofJupiter
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we got a close below the 1.618 extension , and a wick rejection candle off of it immediately after. I am not sure though, I have neither a bearish or bullish bias as of now. If getting long I would wait to better my risk/reward a little closer to structure at the 1.4577 level.
MrLatchman
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sounds good... keep us updated.. and as always, thanks for the idea...