Hello Everyone!
Just want to share this trade setup I did prior to the holidays which got filled this morning.
(Unfortunately this trade setup was not in my blog of analysis and trade recommendations as I was too excited for the holidays and didn't end up writing it)
This trade is a counter trend trade with no replacements in my study. So therefore was using fib extention forecast to pin point possible retracements
- This level is a 161.8 fib ext
- weekly resistance pivot level,
- Physiological level
With three points - some sort of retracements is highly likely.
Currently took partial profits (majority of my trade out at 15pips) and will look for lower and b.e stops
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