Price entered the OTE zone into a 15MIN order block.
The fib was drawn using a renko resistance line (i.e. a hidden OTE) residing around the .20 level. The entry is @ 1.2400 a big institutional level.
With a stop of 10 pips and a take profit of 30 pips, this is a small scalp which executes before FOMC I hope :)
Comments
hopiplaka1
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Trade was successful, it went straight to the take profit just before NFP. After that it hit the 79% OTE zone of the 1H renko resistance line deep inside that 1H order block