Ok let me go straight to the point on this one.
If price retraces back to (80.7- 80.85) I will be looking to take a short to 1.414 fib extension.
Normally 1.618 is the right place to take profits, but London session has been crazy lately and I don’t want to leave anything to chance.
Traders in that session are extremely aggressive
Sorry for too much information on the chart, but that is because the market hasn’t opened and everything is an assumption with high probabilities at this point
I will update charts once I enter a trade.
If you like the idea, give this chart a thumbs up. If not, let me know what you think so I can learn from you as well.
Thank you and good luck
If price retraces back to (80.7- 80.85) I will be looking to take a short to 1.414 fib extension.
Normally 1.618 is the right place to take profits, but London session has been crazy lately and I don’t want to leave anything to chance.
Traders in that session are extremely aggressive
Sorry for too much information on the chart, but that is because the market hasn’t opened and everything is an assumption with high probabilities at this point
I will update charts once I enter a trade.
If you like the idea, give this chart a thumbs up. If not, let me know what you think so I can learn from you as well.
Thank you and good luck
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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.