Price has a fractal high @ 141.33. Market will possibly retrace back to a range between the 38.2% @ 140.97 to 61.8% 140.77. A continuation of a bullish trend will break fractal high and has a TP at the -127.2 fib @ 142.40/
Note
Price did retrace to 61.8% fib @ 140.77 as your first entry point. Second entry point was buy stop at fractal high @ 141.33. Price broke previous high @ 141.50 and continued to the -61.8% fig @ 141.84. All of these moves in price came from the fundamentals. 5m candle rose 30+ pips which is an unsustainable move. There price exhaustion created bearish candles to signal your exit. Price did not go to final TP at -127.2% fib @ 142.40
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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.