The only thing I am worried about with this call is that it could hit that Buy-side breaker and not reach my entry. But I've mapped out all key levels. and I believe this is what is possible. The previous fib it reached between the 70 .5% level and 79% level before breaking a new high. (Previous fib chart)
Should it retrace from the current high, or the projected high that I have in place before retracement it should do the same. At the 70.5% level happens to be an order block/breaker depending on the time frame you look at. This should propel it to a new high which I have mapped out in 3 Take Profit zones. The first being the current high. The second being the possible new high before retracement, the third being the next swing high which is also 127% extension of the proposed new high. We shall see.
Should it retrace from the current high, or the projected high that I have in place before retracement it should do the same. At the 70.5% level happens to be an order block/breaker depending on the time frame you look at. This should propel it to a new high which I have mapped out in 3 Take Profit zones. The first being the current high. The second being the possible new high before retracement, the third being the next swing high which is also 127% extension of the proposed new high. We shall see.
Trade closed: stop reached:
Fail
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.