Hi Traders,
I am watching Pound here for a potential bullish 2618 setup.
Looking for price to come down into the 61.8% Fibonacci retracement to go long. You may be wondering why not just go long now? If we wait for price to move lower it offers a better risk to reward profile, that's why. Have to be patient.
Trade details:
Entry: 1.30020
Stop: 1.29350
Target 1: 1.30840
Target 2: 1.31220
Good trading,
Luke
I am watching Pound here for a potential bullish 2618 setup.
Looking for price to come down into the 61.8% Fibonacci retracement to go long. You may be wondering why not just go long now? If we wait for price to move lower it offers a better risk to reward profile, that's why. Have to be patient.
Trade details:
Entry: 1.30020
Stop: 1.29350
Target 1: 1.30840
Target 2: 1.31220
Good trading,
Luke
Trade active
Trade closed: stop reached:
Stopped out. Not the way I would have like to end the week!