Straight back in on this one if it gives me the chance. Need to wait until the market runs up further than normal entries because it is beyond my maximum risk.
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My target is above 142.2. This is a little further up from normal 38.2% targets because i like to stay on the inside side of even handled numbers, especially when taking patterns that are at maximum risk (100 pips) and good reward.
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also, i extend my fib all the way from the A point to the top of D in case you were wondering why targets have shifted so much.
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big news coming out on this at half 2, so if this breaks for new highs before the news then i am going to close it for a loss because i dont want to get caught out on slippage if it gets volatile.