London session needs to close bullish by NY open for setup to be validated.
If London session closes bullish then pending order will be placed @ 61.8% fib retracement.
Bearish London session needed to validate entry.
If London session closes Bearish by NYC open then a pending order will be placed @ 61.8% fib
Profit targets marked out on the chart
Bullish London session required for the trade to be validated.
Retracement to highlighted zone required during NY open for trade to be validated.
Entry upon signs of price slowing and rejecting the highlighted area.
Bearish London session required for the trade to be validated.
Retracement to highlighted zone required during NY open for trade to be validated.
Entry upon signs of price slowing and rejecting the highlighted area.
Daily chart shows long-term bullish bias.
Looking for price to re-trace into highlighted area. Need price to slow and show signs of rejection prior to taking long position.
TP1 set at previous session high, TP2 and 3 at corresponding fib extensions.
