Quick post to observe the action around fib support zones. UC has been dropping pretty hard with only small bounces. I try to catch each bounce, then put trailing stop in place.
One of these times it will be ''the'' bounce to change trend. Thanks to fibs the entries are precise and SL are super tight.
This is a followup to my previous plot which gave a nice 25 pips profit
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Nice ping right off the bat. not sure it will hold, but my scalp long got triggered and SL is just below the bottom boundary of zone.
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SL at BE now
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WOAH!! what a spike and AHEAD of cad gbp release
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TP hit on my remaining longs at 1.32 now to see what the gbp news really does with it