Looking for a retracement into the 50%-61.8% Fibonacci Level which lines up with a 4 hour demand level in addition to AU making a new higher high. So I am looking for a small correction and proceeding back up. So I'm looking to continuing to go long on this pair unless supply structure is broken on a higher TF.
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Up about 40 pips on this trade. I did take half of my size off. Did enter in around the 50% mark which lined up with a demand level, trend line as extra confluence.Note
I think possibly we may be in a trend change. I don't see any higher highs on larger TF.
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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.