Orange line indicates a level of resistance. After putting the FIB onto the resistance high and the low of the first retracement. We can see that we are at our last potential level for a reaction which is also now resistance. Entering from this 100% level has worked very well for me in the past.
Red line indicates sniper SL which has been decided on a 15m timeframe.
Good morning! Still bullish and doesn’t want change direction 😞
XperiaForex
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@ze79com, Hi yes unfortunately GBP isn't playing ball lately. I had a tight SL in place on this trade which inevitably has been hit. No doubt it will fly down now SL has been hit :(