In this trade setup we have some Fib-Ception going on where one is the Daily and the other is the 4 Hourly. Amazingly, they both align beautifully at the 61.8% and 50% on the prior level of Support and Resistance that would be acting as Support. This looks like a great trade!
I am looking to take this trade up to the highlighted resistance zone that coincides with the 0.27% Fibonacci extension. This would create a new high that hasnt been seen since September 2015!
Order had just been hit, needs to close above my zone on the 4hr candle.
great entry, did spike to the next fib where we could of added additional positions but i wasnt around. Now 130+ pips in profit. I have moved SL to 1.77669
Trade closed manually:
stop was hit in profit, however im looking to re enter next week upon the testing of our previous entry again to then ride it up!