The price is approaching both the Fair Value Gap and 0.5 zone on the Fib Retracement. With enough price action/candle wicks, I'll be looking to enter a sell to the previous low(1.23515) and the next support area of 1.231.
Let's see where price takes us!
Let's see where price takes us!
Trade closed: target reached
This trade was a winner. I didn't get the price action I wanted based on fib retracement and I also don't look for Friday entries. That being said, I entered after realizing price didn't go above the previous high of ~1.260.Price fell to the previous low and closest marked support zone.
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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.