61.8% fibonacci level coinciding with a daily supply and demand zone. Previously stuck in a downwards channel and is seeking liquidity for any further moves higher. I would expect to see more re-tests of this downward trendline before any significant market structure changes.
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Here is a link to my recommended broker GKFX, £300 risk free upon initial deposit £500, brilliant incentive for new traders: bit.ly/2g40FQW
What is the name of this indicator? STOP Loss calc and take
HarryHadgeHutchison
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@trailon, On the side tool bar, above the 'tick symbol', and two below the 'Aa' there are objects which show 'long position' or 'short position'. Just select the tool and draw it onto the chart.