Description
⋅ Buy order triggered at the 0.5 fib level 1.3064.
Several reasons as to why this trade was taken:
Market Structure has shifted to bullish momentum on the lower time-frames such 1hr, 4hr.
Price is potentially completing its 2nd HL on the 4hr starting from the 14th Jan 2020.
Price dipped in to demand zone 1.3037 - 1.3057 on the 1hr time-frame.
We are now looking for TPs at 1.3200 which is the previous LH from 7th Jan 2020.
Happy Trading guys.