This exhibits much better symmetry and proportionality than the previous 3 drive published using the more common 1.272 fib ext instead of 1.618 Looking for a long in the 1.2900/30 area with a stop placed with consideration of the 40 pip spike low of D2 hoping that D3 will not be any bigger. Of course markets always do something more/less than a traders assumptions. And, always hoping the candlesticks provide a clear trigger and smaller risk.
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If only . . . every trade was this painless, I guess we'd all be millionaires ! With no limit order, woke this am to find a lower entry than 1.2930. So, entered long @ 1.2915 But, this is Friday - moving stops to 1.2945 - just in case it breaks support on the 15 minute chart But, this is Friday ~~~~~ to hold or not to hold over the weekend ???
Trade closed: stop reached
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Wow! Just in Case ? Out on stops Have a great weekend !!!!!!!!!!!!