Trade Plan
1. Price was trending down so i wait for a break of my key level
2. Price broke below my Key level (1.425)
3. I placed a Fib tool from the last high to the low as we are trending down.
4. I wanted a second layer of confluence which was a fib level, the level had to line up with my Key level (1.425) before my trade idea is valid
5. Price retraced to 61.8 fib level and rejected so i entered the trade.
6. It took a couple of hours for my trade to hit tp.
1. Price was trending down so i wait for a break of my key level
2. Price broke below my Key level (1.425)
3. I placed a Fib tool from the last high to the low as we are trending down.
4. I wanted a second layer of confluence which was a fib level, the level had to line up with my Key level (1.425) before my trade idea is valid
5. Price retraced to 61.8 fib level and rejected so i entered the trade.
6. It took a couple of hours for my trade to hit tp.