Short Plan:
We anticipated trendline breakout and won 100pips
Positive economic news is pulling back price to retest broken trendline
Found resistance between .786 and .618 fibonacci level
Watch for price action to anticipate big drop
Entry: 1.09502-1.09311
TP:1.08622/ 1.07870/ use free-risk trade
SL: 1.09960
We anticipated trendline breakout and won 100pips
Positive economic news is pulling back price to retest broken trendline
Found resistance between .786 and .618 fibonacci level
Watch for price action to anticipate big drop
Entry: 1.09502-1.09311
TP:1.08622/ 1.07870/ use free-risk trade
SL: 1.09960
Trade active
Trade closed: target reached
TP1 is hit // RR: 1-1 // Take some profit and hold the rest
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.